Bursa Securities to delist Scomi on March 31

2 months ago

Bursa Securities to delist Scomi on March 31

PETALING JAYA: Bursa Malaysia Securities Bhd (Bursa Securities) has decided to delist Scomi Group Bhd this Friday following its failure to settle a sum of RM8 million owed to Malayan Banking Bhd (Maybank).

In a filing today, Bursa Securities said it had rejected today Scomi’s request to vary the terms of the condition for the company to settle/pay the settlement sum of RM8 million to Maybank on or before March 15, 2023 as stipulated in its letter dated Feb 13 2023.

The stock exchange regulator also dismissed the Practice Note 17 (PN17) company’s appeal for a further six months extension of time to submit its regularisation plan to the relevant authorities, and decided to delist it pursuant to paragraph 8.04 of Bursa Securities Main Market Listing Requirements.

Read the full story

It's better on the Lumi News app

✅ It’s fast

✅ It’s easy to use

✅ It’s free

Start using Lumi
You might like ⬇️
Majority of EU countries against network fee levy on Big Tech, sources say
CNA

CNA

Majority of EU countries against network fee levy on Big Tech, sources say

22 minutes ago

US Treasury official meets with China's new ambassador in Washington
CNA

CNA

US Treasury official meets with China's new ambassador in Washington

World Bank told to ‘double down’ on development, climate efforts
FMT News

FMT News

World Bank told to ‘double down’ on development, climate efforts

news-stack-on-news-image

Why read with Lumi?

Staying informed is hard work. Use the Lumi News app to get the latest news from publishers you like, in a beautiful app. Save time and find delight in news-reading again.

Trending right now

Loading...