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PRACTICE NOTE 17 / GUIDANCE NOTE 3 : OTHERS

CHINA AUTOMOBILE PARTS HOLDINGS LIMITED

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
Description
CHINA AUTOMOBILE PARTS HOLDINGS LIMITED ("CAP" OR "COMPANY")

APPLICATION OF EXTENSION OF TIME TO SUBMIT REGULARISATION PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO PRACTICE NOTE 17 OF MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

We refer to the Company’s announcements dated 11 January 2018, 7 January 2019, 10 January 2019, 7 February 2019, 15 February 2019, 1 March 2019, 2 April 2019, 2 May 2019, 3 June 2019, 1 July 2019, 5 July 2019, 10 July 2019, 1 August 2019, 8 August 2019, 3 September 2019, 1 October 2019, 1 November 2019, 2 December 2019 and 2 January 2020, 3 January 2020, 13 January 2020, 3 February 2020, 2 March 2020, 4 March 2020, 1 April 2020, 4 May 2020, 1 June 2020, 1 July 2020 and 3 Aug 2020 pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)

 

The Board wishes to inform that Bursa Securities has vide its letter dated 17 August 2020 decided to grant the Company an extension of time of 6 months up to 10 January 2021 to submit the Regularisation Plan to the regulatory authorities.

 

Please note that the aforesaid extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of CAP and to de-list the Company in the event:

 

(i) the Company fails to submit a regularisation plan to the regulatory authorities on or before 10 January 2021;

 

(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or

 

(iii) the Company fails to implement its regularisation plan with the time frame or extended time frame stipulated by any of the regulatory authorities.

 

Upon the occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of CAP on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.

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This announcement is dated 18 August 2020.






Announcement Info

Company Name CHINA AUTOMOBILE PARTS HOLDINGS LIMITED
Stock Name CAP
Date Announced 18 Aug 2020
Category General Announcement for PLC
Reference Number GA1-18082020-00037