MCOM Holdings to Submit Appeal Against Potential De-listing From Leap Market
KUALA LUMPUR, May 2 (Bernama) -- LEAP Market-listed MCOM Holdings Bhd said it will make a written representation to Bursa Malaysia as to why its securities should not be delisted within five market days from today.
In a filing with Bursa Malaysia today, the company said it had received a notice from Bursa Securities on the matter due to its failure to announce its annual audited financial statements, as well as the auditors’ and directors’ reports for the financial period ended June 30, 2024.
The financial statements and the reports were due on Oct 31, 2024, in accordance with Rule 6.13 of the LEAP Listing Requirements.
It said Bursa Securities has granted it five market days to submit written representations explaining why its securities should not be delisted.
“In the event Bursa Securities decides to de-list the company, the securities of the company shall be removed from the official list of Bursa Securities upon the expiry of seven market days from the date of notification of the decision to de-list or upon such other date as may be specified by Bursa Securities unless an appeal is made within the prescribed timeframe,” MCOM said.
-- BERNAMA