APPEAL OF MAXBIZ CORPORATION BERHAD AGAINST DE-LISTING DISMISSED
| MAXBIZ CORPORATION BERHAD |
LISTING'S CIRCULAR NO. L/Q : 64159 OF 2012
Bursa Malaysia Securities Berhad ("Bursa Securities") announces that after due consideration of all the facts and circumstances of the matter, Bursa Securities has decided to dismiss the appeal of MAXBIZ CORPORATION BERHAD ("MAXBIZ" or "the Company") and to de-list the securities of MAXBIZ. Accordingly, the securities of MAXBIZ will be removed from the Official List of Bursa Securities on Monday, 26 March 2012.
Effect of De-listing from the Official List of Bursa Securities
With respect to the securities of MAXBIZ 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 It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.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 MAXBIZ who intend to hold their securities in the form of physical certificates can withdraw these securities from their Central Depository System (CDS) accounts with Bursa Depository, at anytime after the securities of the Company is 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 MAXBIZ, the Company will continue to exist but as an unlisted entity. MAXBIZ is still able to continue the Company’s operations and business and proceed with the Company’s corporate restructuring and the 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 | MAXBIZ CORPORATION BERHAD |
| Stock Name | MAXBIZ |
| Date Announced | 21 Mar 2012 |
| Category | Listing Circular |
| Reference No | UM-120321-63871 |