General Announcement for PLC

08/03/2017

OTHERS WINTONI GROUP BERHAD ("WINTONI" OR THE "COMPANY") APPLICATION FOR AN EXTENSION OF TIME TO SUBMIT THE PROPOSED REGULARISATION PLAN TO THE RELEVANT REGULATORY AUTHORITIES UNDER GUIDANCE NOTE 3 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("EOT APPLICATION")

WINTONI GROUP BERHAD

Type Announcement
Subject OTHERS
Description
WINTONI GROUP BERHAD ("WINTONI" OR THE "COMPANY")

APPLICATION FOR AN EXTENSION OF TIME TO SUBMIT THE PROPOSED REGULARISATION PLAN TO THE RELEVANT REGULATORY AUTHORITIES UNDER GUIDANCE NOTE 3 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("EOT APPLICATION")

Reference is made to the announcement dated 15 February 2017 in relation to the extension of time application of six (6) months up to 26 August 2017 to submit the regularisation plan to the relevant authorities. On behalf of the Company, M&A Securities Sdn Bhd is pleased to announce that after due consideration of all facts and circumstances of the matter by Bursa Malaysia Securities Berhad ("Bursa Securities”), Bursa Securities has decided to grant the Company an extension of time up to 26 August 2017 to submit the regularisation plan to the regulatory authorities subject to the Requisite Announcement being made by 16 June 2017.

The aforesaid extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of the Company and to de-list the Company in the event that:-

(i) the Company fails to make the Requisite Announcement on or before 16 June 2017;

(ii) the Company fails to submit the regularisation plan to the regulatory authorities on or before 26 August 2017;

(iii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; and

(iv) the Company fails to implement its regularisation plan within the timeframe or extended timeframe stipulated by any of the regulatory authorities.

Upon occurence of any of the events set out in paragraphs (i) to (v) above, Bursa Securities shall suspend the trading of the listed securities of Wintoni on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.

This announcement is dated 8 March 2017.






Announcement Info

Company Name WINTONI GROUP BERHAD
Stock Name WINTONI
Date Announced 08 Mar 2017
Category General Announcement for PLC
Reference Number GA1-08032017-00065