Friday, October 29, 2010

Bursa Securities rejects Tricubes bid to waive Guidance Note 3

KUALA LUMPUR: Bursa Malaysia Securities has rejected TRICUBES BHD []'s application for a waiver to comply with the Guidance Note 3 of the ACE Market Listing Requirement.

The company said on Friday, Oct29 that following the rejection of the application, it was deemed an affected listed issuer.

Tricubs had triggered Paragraph 2.1(f) of the GN3 whereby the auditors expressed a modified opinion with emphasis on Tricubes's going concern in the latest audited financial statements for the financial year ended March 31, 2010.

The company would have to submit to Bursa Securities a regularisation plan and obtain the latter's'' approval to implement the plan within 12 months from the date the company announced that it was a GN3 company.

No comments:

Post a Comment