KUALA LUMPUR: The delisting of ECOFUTURE BHD. [] scheduled for June 27, has been deferred after the company submitted an appeal to Bursa Malaysia Securities Bhd.
It said on Tuesday, June 21 it had submitted the appeal against the commencement of the delisting procedures. It had initially faced suspension on June 23 and delisting by June 27.
'Given that the appeal was submitted by the company within the appeal timeframe, the removal of the securities of the company from the Official List of Bursa Securities on June 27, shall be deferred pending the decision from Bursa Securities,' it said.
To recap, Bursa Securities rejected Ecofuture's application for more time to find a replacement sponsor after its then sponsor ECM Libra Investment Bank Bhd had tendered its resignation on March 10.
The company had said on June 16 its June 6 application for an extension''of time to appoint a sponsor'' was rejected.
It said on Tuesday, June 21 it had submitted the appeal against the commencement of the delisting procedures. It had initially faced suspension on June 23 and delisting by June 27.
'Given that the appeal was submitted by the company within the appeal timeframe, the removal of the securities of the company from the Official List of Bursa Securities on June 27, shall be deferred pending the decision from Bursa Securities,' it said.
To recap, Bursa Securities rejected Ecofuture's application for more time to find a replacement sponsor after its then sponsor ECM Libra Investment Bank Bhd had tendered its resignation on March 10.
The company had said on June 16 its June 6 application for an extension''of time to appoint a sponsor'' was rejected.
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