KUALA LUMPUR: ECOFUTURE BHD. []will be suspended from June 23 after it failed to appoint a replacement sponsor by the June 10 deadline and ultimately, faces delisting by June 27.
Bursa Malaysia Securities said on Wednesday, June 15 Ecofuture was unable to appoint a replacement sponsor within three months after its then sponsor ECM Libra Investment Bank Bhd tendered its resignation on March 10.
The regulator said trading in the securities would'' be suspended from June 23 and delisted on June 27, unless an appeal is submitted on or before June 22.
'Any appeal submitted after the appeal timeframe will not be considered by Bursa Securities,' it said.
Bursa Securities said if Ecofuture submitted an appeal within the appeal timeframe, the delisting would be deferred pending the decision on the company's appeal.
Bursa Malaysia Securities said on Wednesday, June 15 Ecofuture was unable to appoint a replacement sponsor within three months after its then sponsor ECM Libra Investment Bank Bhd tendered its resignation on March 10.
The regulator said trading in the securities would'' be suspended from June 23 and delisted on June 27, unless an appeal is submitted on or before June 22.
'Any appeal submitted after the appeal timeframe will not be considered by Bursa Securities,' it said.
Bursa Securities said if Ecofuture submitted an appeal within the appeal timeframe, the delisting would be deferred pending the decision on the company's appeal.
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