AMEDIA

0.135

(%)

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN

ASIA MEDIA GROUP BERHAD

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

APPLICATION FOR AN EXTENSION OF TIME TO SUBMIT THE COMPANY'S REGULARISATION PLAN TO THE AUTHORITIES

Reference is made to the Company’s announcements dated 25 October 2019 wherein it was announced that AMGB was classified as an affected listed issuer under Practice Note (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“MMLR”) as it has triggered the prescribed criteria under Paragraph 2.1 (a), (d) and (e) of PN17.

Bursa Securities had on 26 March 2020 announced additional relief measures to alleviate the impact of COVID-19 on capital market players, among others, the extension of time for listed issuers to submit its regularisation plans for PN17 of the MMLR from 12 months to 24 months from the date the listed issuer first announce their PN17 classification (“First Announcement”), whose First Announcement was made between 2 January 2019 to 31 December 2020. As such, the Company has until 24 October 2021 to submit its regularisation plan to the regulatory authorities.

On behalf of the Board of AMGB, M&A Securities Sdn Bhd wishes to announce that the Company had on 14 October 2021 submitted an application to Bursa Securities for an extension of time of twelve (12) months i.e. up to 24 October 2022 to submit its regularisation plan to the relevant regulatory authorities.

Further announcement will be made to Bursa Securities with regards to the development of the regularisation plan in due course.

The announcement is dated 14 October 2021.

 






Announcement Info

Company Name ASIA MEDIA GROUP BERHAD
Stock Name AMEDIA
Date Announced 14 Oct 2021
Category General Announcement for PLC
Reference Number GA1-14102021-00044