MMM To Be Suspended, Faces Delisting After Regularisation Plan Rejected
KUALA LUMPUR, July 30 (Bernama) -- Trading in MMM Group Bhd’s securities will be suspended from Aug 7, 2025, after Bursa Malaysia Securities Bhd rejected its regularisation plan for failing to meet requirements under Practice Note 17 (PN17) of the Main Market listing requirements.
MMM (formerly known as Asia Media Group Bhd), stated that its securities will also be delisted on Sept 4, 2025, unless an appeal against the rejection of the proposed regularisation plan and delisting is submitted to Bursa Securities on or before Aug 29 (appeal timeframe). “Any appeal submitted after the appeal timeframe will not be considered by Bursa Securities,” the marketing agency said in a Bursa Malaysia filing.
MMM said that should it be delisted, the company will continue to exist but as an unlisted entity. “It is still able to continue its operations and business, and proceed with its corporate restructuring, and its shareholders can still be rewarded by its performance,” it added.
However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities, but “the interests and rights of the shareholders will remain safeguarded under the Companies Act 2016,” it said.
-- BERNAMA