KUALA LUMPUR – Trading in the securities of Scomi Group Bhd will be suspended with effect from April 20 and the securities of Scomi will be delisted on April 22 unless an appeal against the delisting is submitted to Bursa Malaysia.
In a filing with Bursa Malaysia today, the company said the appeal must be submitted on or before April 18 (appeal time frame) and any appeal submitted after the appeal time frame will not be considered by Bursa Malaysia.
“Bursa Malaysia has rejected Scomi’s application for a further extension of time to submit its regularisation plan,” it said.
Scomi further said that in the event the company submits an appeal to Bursa Malaysia within the appeal time frame, the delisting of the securities of the company from the official list of Bursa Malaysia on April 22 will be deferred pending the decision on the company’s appeal.
However, Bursa Malaysia shall proceed to suspend the trading of the company’s securities on April 20 even though the decision on the company’s appeal is still pending. – Bernama, April 11, 2022
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