SUMATEC

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SUMATEC - CONTINUED SUSPENSION

SUMATEC RESOURCES BERHAD

Kindly be advised that the above Company has failed to submit its 3rd Quarterly Report for the financial period ended 30 September 2020 ("3rd QR 2020") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe pursuant to Paragraph  9.22(1) of Bursa Securities' Main Market Listing Requirements ("Main LR").

Pursuant to Paragraph 9.28(5) of the Main LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframe as stated in Paragraph 9.22 of the Main LR ("Relevant Timeframe") (the last day of the 5 market day period is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.

In view of the above, and in the event that the Company is unable to submit the 3rd QR 2020 on or before 7 December 2020, the trading in the above Company's securities will be suspended with effect from 9.00 a.m., Tuesday, 8 December 2020 until further notice. However, as the Company's securities have been suspended from trading since 7 November 2019 in view of the Winding Up Order against the Company, the suspension of trading will continue until further notice.

Further, please note that pursuant to Paragraph 9.28 (6) of the Main LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take, delisting procedures shall be commenced against such listed issuer.


Announcement Info

Company Name SUMATEC RESOURCES BERHAD
Stock Name SUMATEC
Date Announced 03 Dec 2020
Category Listing Circular
Reference Number ILC-30112020-00018