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PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN

WINTONI GROUP BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description
WINTONI GROUP BERHAD ("WINTONI" OR THE "COMPANY")

APPLICATION FOR EXTENSION OF TIME TO SUBMIT PROPOSED REGULARISATION PLAN

We refer to the Company’s announcements dated 3 January 2020 and 12 June 2020 in relation to the proposed regularisation plan (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of the Board, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 20 July 2020, decided to grant Wintoni a further extension of time until 1 January 2021 to submit the proposed regularisation plan to the relevant authorities for approval (“Further Extended Timeframe”).

 

Bursa Securities further decided to de-list the securities of Wintoni from the Official List of Bursa Securities pursuant to Rule 8.04 of the Listing Requirements in the event:

 

(i) the Company fails to submit the proposed regularisation plan to the relevant authorities for approval within the Further Extended Timeframe;

 

(ii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal;

 

(iii) the Company does not succeed in its appeal; or

 

(iv) the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.

 

Upon occurrence of any of the events set out in paragraphs (i) to (iv) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of 2 market days from the date the Company is notified by Bursa Securities or on such other date as may be specified by Bursa Securities.

 

This announcement is dated 20 July 2020.






Announcement Info

Company Name WINTONI GROUP BERHAD
Stock Name WINTONI
Date Announced 20 Jul 2020
Category General Announcement for PLC
Reference Number GA1-20072020-00028