General Announcement for PLC

02/04/2019

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

COMINTEL CORPORATION BHD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description
COMINTEL CORPORATION BHD ("Comcorp" or "the Company")
- Monthly Announcement on the Status of Plan to Regularise the Financial Position of the Company pursuant to Paragraph 8.04 and Paragraph 2.1(a) of Practice Note 17 under the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities")

We refer to our First Announcement dated 25 January 2018 and the amended First Announcement dated 26 January 2018 in relation to the Company being classified as an affected listed issuer under Paragraph 8.03A and the disclosure requirements under Paragraph 4.1(c) of Practice Note 17 and the announcement dated 25 February 2019 in relation to Bursa Malaysia Berhad’s approval for an extension of time of up to 24 July 2019 for the Company to submit a regularization plan to the regulatory authorities (“EOT Approval”).

 

In compliance with the Company’s obligations under the MMLR and our announcement on 1 March 2019 and 1 April 2019, the Board of Directors of the Company wishes to inform that the Management of Comcorp is still working on the regularization plan.

 

Based on the EOT Approval, the Company has about three (3) months three (3) weeks to submit its regularization plan to the regulatory authorities for approval.

 

Further, Comcorp has triggered the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1(a) of Practice Note 17 (“PN17”) under the Main Market Listing Requirements (“MMLR”) of Bursa Securities on 28 March 2019.

 

 

This announcement is dated 2 April 2019.

 






Announcement Info

Company Name COMINTEL CORPORATION BHD
Stock Name COMCORP
Date Announced 02 Apr 2019
Category General Announcement for PLC
Reference Number GA1-02042019-00080