KUALA LUMPUR (March 1): Trading of Top Builders Capital Bhd’s shares will continue to be suspended on Bursa Malaysia, as the group failed to file its quarterly report for its second quarter ended Dec 31, 2022 (2QFY2023) by Feb 28 as required under the Main Market Listing Requirements.

Earlier on Feb 23, the Practice Note 17 (PN17) company had stated that the delay in releasing its 2QFY2023 report was because its audited financial statements for financial year ended June 30, 2022 (FY2022) and the unaudited quarterly report for first quarter ended Sept 30, 2022 (1QFY2023) were pending finalisation.

In a Bursa filing on Wednesday (March 1), the group stated that if it fails to issue the outstanding financial statements within five market days after the expiry of relevant timeframes, Bursa Securities shall suspend trading in its securities with effect on the next market day.

If the group fails to issue the report within six months, it will be delisted.

Trading of Top Builders shares was suspended since Nov 8, 2022. With the latest announcement, the suspension will continue until further notice.

The group’s shares last traded at two sen. Its market capitalisation stood at RM14.12 million.