NYLEX

0.240

(%)

PARAGRAPH/RULE 8.03A COMPANIES : SUSPENSION AND/OR DELISTING

NYLEX (MALAYSIA) BERHAD

Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
SUSPENSION AND/OR DELISTING
Description
NYLEX (MALAYSIA) BERHAD ("NYLEX" OR "COMPANY")

SUSPENSION AND DE-LISTING OF THE SECURITIES OF NYLEX

We refer to the Company’s announcements dated 27 January 2022 and 28 January 2022 in relation to the First Announcement and the announcements made on 16 August 2023, 23 August 2023, 13 October 2023 and 26 January 2024. Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those used in the said announcements.

 

The Board wishes to announce that Bursa Securities had via its letter dated 29 January 2024 informed the Company that Bursa Securities has noted that:

 

a)   Nylex had failed to submit the proposed regularisation plan to the relevant authorities for approval within the extended timeframe of 26 January 2024 as granted by the Listing Committee via its letter dated 13 October 2023 (“LC Decision Letter”); and

 

b)  the Company has on 26 January 2024, appealed/applied for a further extension of time ("Appeal").

 

In the circumstances and pursuant to paragraph 8.03A(3) of the Listing Requirements and the LC Decision Letter, please be informed that:

 

(i)  the trading in the securities of Nylex will be suspended with effect from 7 February 2024 ("Suspension Date") even though the decision on the Appeal is still pending.

 

(ii) However, the de-listing of the securities of the Company upon the expiry of 2 market days from the Suspension Date will be deferred pending the decision on the Appeal by Bursa Securities.

 

This Announcement is dated 29 January 2024.






Announcement Info

Company Name NYLEX (MALAYSIA) BERHAD
Stock Name NYLEX
Date Announced 29 Jan 2024
Category General Announcement for PLC
Reference Number GA1-29012024-00056