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PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN

EKA NOODLES BERHAD

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

APPLICATION FOR AN EXTENSION OF TIME TO SUBMIT THE COMPANYS REVISED REGULARISATION PLAN TO THE AUTHORITIES

We refer to the announcements dated 30 October 2020 and 19 November 2020. On behalf of the Board of Directors of the Company, M&A Securities Sdn Bhd wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had on 3 December 2020 decided to grant the Company an extension of time up to 30 April 2021 for it to submit its revised regularisation plan to the regulatory authorities.

 

The aforesaid extension of time is without prejudice to Bursa Securities’ rights to proceed to suspend the trading of the listed securities of EKA 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 30 April 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 within the time frame or extended time frames stipulated by any of the regulatory authorities.

 

Upon occurrence of any events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of EKA 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.

 

This announcement is dated 3 December 2020.






Announcement Info

Company Name EKA NOODLES BERHAD
Stock Name EKA
Date Announced 03 Dec 2020
Category General Announcement for PLC
Reference Number GA1-03122020-00098