PN17-SUSPENSION AND DE-LISTING
MALAYSIAN AE MODELS HOLDINGS BERHAD |
LISTING'S CIRCULAR NO. L/Q : 70910 OF 2014
MAEMODE had failed to submit a regularisation plan to Bursa Malaysia Securities Berhad ("Bursa Securities") for approval within 12 months from the Company’s First Announcement in accordance with paragraph 8.04(3)(a)(i) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements ("Main LR") i.e. on or before 19 June 2014.
In the circumstances and pursuant to paragraph 8.04(5) of the Main LR:-
(a) the trading in the securities of the Company will remain suspended until further notice; and
In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 2 July 2014 shall be deferred pending the decision on the Company’s appeal.
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.
Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.
Announcement Info
Company Name | MALAYSIAN AE MODELS HOLDINGS BERHAD |
Stock Name | MAEMODE |
Date Announced | 20 Jun 2014 |
Category | Listing Circular |
Reference No | CW-140620-59724 |