Tuesday, May 3, 2011

H-Displays MSC to be suspended from May 10 until further notice

KUALA LUMPUR: Trading in the shares of H-DISPLAYS (MSC) BHD [] will be suspended from May 10 until further notice after it failed to submit its annual audited accounts for financial year ended'' Dec 31, 2010.

A Bursa Malaysia Securities circular said on Tuesday, May 3 the company failed to submit the accounts for public release within the stipulated timeframe under the Bursa Securities' ACE Market listing requirements.

It said if a listed issuer fails to issue the outstanding financial statements within five market days after the expiry of the relevant timeframe -- in addition to any enforcement action that Bursa Securities may take ' trading of the securities will be suspended.

Bursa Securities said if a listed issuer fails to issue the outstanding financial statements within six months from the expiry of the relevant timeframe, de-listing procedures shall be taken.

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