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PRACTICE NOTE 17 / GUIDANCE NOTE 3 : OTHERS

DAYA MATERIALS BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
Description
DAYA MATERIALS BERHAD ("DMB" OR THE "COMPANY")

APPLICATION FOR A FURTHER EXTENSION OF TIME TO COMPLY WITH PARAGRAPH 5.2(A) OF PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Reference is made to the Company’s announcements dated 15 February 2019, 8 March 2019, 19 August 2019, 24 September 2019, 25 February 2020, 16 April 2020, 15 September 2020, 23 October 2020 and 26 February 2021 in relation to the Company’s applications for extensions of time to comply with Paragraph 5.2(a) of Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Announcements”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the aforesaid Announcements.

On behalf of the Board of Directors of DMB, Hong Leong Investment Bank Berhad wishes to announce that Bursa Securities has, via its letter dated 19 March 2021, decided to grant the Company an extension of time up to 17 March 2021 in view that the Company has submitted the regularisation plan to Bursa Securities on 17 March 2021.

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

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

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

Upon occurrence of any of the events set out in (i) and (ii) above, Bursa Securities shall suspend the trading of the listed securities of DMB 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 19 March 2021.






Announcement Info

Company Name DAYA MATERIALS BERHAD
Stock Name DAYA
Date Announced 19 Mar 2021
Category General Announcement for PLC
Reference Number GA1-19032021-00087