KUALA LUMPUR: ECOFUTURE BHD. []has appointed M & A Securities Sdn Bhd as the sponsor to the company after ECM Libra Bhd tendered its resignation on March 10.
'M & A Securities and the company are in the midst of formulating a regularisation plan for the company. An announcement on the details of the regularisation plan will be made in due course,' said the ACE Market listed company.
Trading in the shares was suspended after the company had earlier failed to find a replacement sponsor within three months, which was on or before June 10.
However, the delisting was deferred as it had submitted an appeal on June 21, which was within the timeframe. It was scheduled to be deferred on June 27 pending the decision of Bursa Malaysia''Securities Bhd.
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'M & A Securities and the company are in the midst of formulating a regularisation plan for the company. An announcement on the details of the regularisation plan will be made in due course,' said the ACE Market listed company.
Trading in the shares was suspended after the company had earlier failed to find a replacement sponsor within three months, which was on or before June 10.
However, the delisting was deferred as it had submitted an appeal on June 21, which was within the timeframe. It was scheduled to be deferred on June 27 pending the decision of Bursa Malaysia''Securities Bhd.
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