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BUSINESS

MPCorp trading to be suspended effective Aug 19, face de-listing on Aug 23

12/08/2022 07:35 PM

KUALA LUMPUR, Aug 12 (Bernama) -- The trading of Malaysia Pacific Corporation Bhd (MPCorp) will be suspended by the Bursa Malaysia Securities Bhd with effect from August 19 and de-listed on August 23 unless an appeal against the de-listing is submitted on or before August 18.

In a filing with Bursa Malaysia today, it said this is following Bursa Securities’ decision, vide a letter dated Aug 11, 2022, to reject the company’s application for an extension of time to comply with Paragraph 8.04(3) and Practice Note 17 of the Main Market Listing Requirements of Bursa Securities.

It said the company intended to submit an appeal to Bursa Securities regarding the de-listing within the appeal timeframe.

“In the event the company submits an appeal to Bursa Securities within the appeal timeframe, the de-listing of the securities from the official list of Bursa Securities on August 23 will be deferred, pending the decision on the company’s appeal,” it said. 

 However, it said Bursa Securities shall proceed to suspend the trading of the company’s securities on August 19 even though the decision on the appeal is still pending.

-- BERNAMA

 

 


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