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News

Paragraph/Rule 8.03A Companies : Others

BackJun 23, 2017
Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
OTHERS
Description

SINO HUA-AN INTERNATIONAL BERHAD ("HUA-AN" OR "THE COMPANY") APPLICATION FOR AN EXTENSION OF TIME TO SUBMIT A REGULARISATION PLAN PURSUANT TO PARAGRAPH 8.03(A) OF THE BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") MAIN MARKET LISTING REQUIREMENTS ("MMLR")

We refer to announcement dated 15 June 2017 wherein it was announced that an application has been submitted to Bursa Securities for an extension of time to submit the regularisation plan pursuant to Paragraph 8.03(A) of the Bursa Securities MMLR (“Application”).

The Board of Directors of the Company wishes to announce that after due consideration of all facts and circumstances of the Applications, Bursa Securities has vide its letter dated 23 June 2017 decided to grant the Company an extension of time of up to 15 December 2017 to submit a regularisation plan to the regulatory authorities.

The extension of time granted to Hua-An is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of Hua-An and to de-list the Company in the event:

(i)         the Company fails to make a regularisation plan to the regulatory authorities on or before 15 December 2017;

(ii)        the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or

(iii)       the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of Hua-An on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.

This announcement is dated 23 June 2017.





Announcement Info

Company Name SINO HUA-AN INTERNATIONAL BERHAD
Stock Name HUAAN
Date Announced 23 Jun 2017
Category General Announcement for PLC
Reference Number GA1-23062017-00078

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