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PARAGRAPH/RULE 8.03A COMPANIES : REGULARISATION PLAN

ANZO HOLDINGS BERHAD

Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
REGULARISATION PLAN
Description
ANZO HOLDINGS BERHAD ("ANZO" OR "THE COMPANY")

PROPOSED REGULARISATION PLAN

We refer to the Company’s announcements dated 11 October 2019, 25 October 2019, 6 January 2020, 2 April 2020, 3 September 2021, 12 October 2021, 8 March 2022, 27 April 2022, 2 February 2023 and 14 February 2023.

 

Reference is made to Bursa Malaysia Securities Berhad ("Bursa Securities")’ letter dated 13 February 2023, granting the Company an extension of time of 6 months up to 30 April 2023 to submit its regularisation plan to Bursa Securities, where the following condition apply:

 

Bursa Securities has further decided to de-list the securities of the Company pursuant to paragraph 8.03A(3) of the Main LR in the event:-

  1. the Company fails to appoint a Principal Adviser on or before 13 March 2023 (“Prescribed Timeframe”);
  2. the Company fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe i.e. on or before 30 April 2023;
  3. 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;
  4. the  Company does not succeed in its appeal; or
  5. the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.

The Board of Directors of Anzo wishes to announce that the Company is unable to comply to item (i) above as the Company failed to appoint a Principal Adviser within the Prescribed Timeframe. Therefore, failure to comply to item (i) above will result in Bursa Securities to de-list the securities of the Company pursuant to Paragraph 8.03A(3) of the Main LR. In addition, the Board of Directors of Anzo wishes to announce that the Company do not have any further intention to implement any regularisation plan or seek any further extension of time from the authorities.

 

This announcement is dated 14 March 2023.






Announcement Info

Company Name ANZO HOLDINGS BERHAD
Stock Name ANZO
Date Announced 14 Mar 2023
Category General Announcement for PLC
Reference Number GA1-14032023-00042