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PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

NATIONWIDE EXPRESS HOLDINGS BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description
NATIONWIDE EXPRESS HOLDINGS BERHAD ("NEHB" OR "THE COMPANY")
MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Reference is made to Nationwide Express Holdings Berhad's ("NEHB" or "the Company") announcements dated 24 February 2020, 24 March 2020, 2 April 2020, 4 May 2020, 22 May 2020 and 2 June 2020 ("the Announcements") and the circular issued by Bursa Malaysia Securities Berhad ("Bursa Securities") dated 26 March 2020 in relation to the additional relief measures granted to listed issuers due to outbreak of COVID-19 and implementation of Movement Control Order by the Government of Malaysia ("Bursa Securities' Circular"). Unless otherwise defined, the terms herein shall bear the same meaning as defined in the Announcements.

 

In compliance with Paragraph 4.1(c) of Practice Note 17 of the Main Market Listing Requirements, the Board of Directors of NEHB wishes to announce that the Company is presently looking into formulating a regularisation plan to address its financial condition ("Regularisation Plan").

 

Pursuant to Bursa Securities' Circular, the Company is required to submit a Regularisation Plan to the relevant regulatory authorities on or before 23 February 2022, for approval to implement the Regularisation Plan, which is approximately nineteen (19) months from the date hereof.

 

This announcement is dated 1 July 2020.






Announcement Info

Company Name NATIONWIDE EXPRESS HOLDINGS BERHAD
Stock Name NATWIDE
Date Announced 01 Jul 2020
Category General Announcement for PLC
Reference Number GA1-01072020-00055