KUALA LUMPUR: Beleaguered furniture maker KENMARK INDUSTRIAL CO. (M) BHD [] will be delisted from Bursa Malaysia Securities with effect from 9am on Friday, Dec 31.
The company said on Tuesday, Dec 28 it had received a letter from Bursa Securities advising it of the regulator's decision to remove the entire issued and paid-up share capital of Kenmark from the Official List of Bursa Securities.
To recap, Kenmark first made headlines when its Taiwanese managing director James Hwang Ding Kuo mysteriously disappeared in late May, which caused its share price to tumble over 90% in a few days.
Most of the Taiwanese major shareholders' shares were then pledged to financial institutions, and the majority of them were force-sold in the panic.
The company said on Tuesday, Dec 28 it had received a letter from Bursa Securities advising it of the regulator's decision to remove the entire issued and paid-up share capital of Kenmark from the Official List of Bursa Securities.
To recap, Kenmark first made headlines when its Taiwanese managing director James Hwang Ding Kuo mysteriously disappeared in late May, which caused its share price to tumble over 90% in a few days.
Most of the Taiwanese major shareholders' shares were then pledged to financial institutions, and the majority of them were force-sold in the panic.
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