General Announcement for PLC
04/03/2020PRACTICE NOTE 17 / GUIDANCE NOTE 3 : SUSPENSION AND/OR DELISTING
APFT BERHAD |
Type | Announcement |
Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 SUSPENSION AND/OR DELISTING |
Description | APFT BERHAD ("APFT" OR "COMPANY") NOTICE OF SUSPENSION AND/OR DELISTING OF APFT |
Reference is made to the Company’s first announcement dated 19 January 2018 and monthly announcements made (“Announcements”) pursuant to PN17 of the Listing Requirements.
On behalf of the Board of Directors of APFT (“Board”), Sierac Corporate Advisers Sdn Bhd wishes to announce that the Company has received a suspension and de-listing notice dated 4 March 2020 from Bursa Securities wherein Bursa Securities vide its decision letter dated on 4 March 2020 has rejected the 3rd Extension of Time Application.
In the circumstances and pursuant to Paragraph 8.04(5) of the Listing Requirements:
a) the trading in the securities of APFT will be suspended with effect from 12 March 2020; and
b) the securities of the Company will be de-listed on 16 March 2020 unless an appeal against the de-listing is submitted to Bursa Securities on or before 11 March 2020 (“Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.
In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 16 March 2020 shall be deferred pending the decision on the Company’s appeal.
With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.
Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (“CDS”) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.
Further, in the event the Company submits an appeal to Bursa Securities, the Company is required to make an announcement of the appeal and that the removal of the securities of the Company on 16 March 2020 will be deferred pending the decision on the Company's appeal by Bursa Securities.
The Board will deliberate on the next course of action and will make the relevant announcement in due course.
This announcement is dated 4 March 2020. |
Announcement Info
Company Name | APFT BERHAD |
Stock Name | APFT |
Date Announced | 04 Mar 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-04032020-00104 |