Pharmaniaga gets 3-month extension to carry out regularisation plan
KUALA LUMPUR : Bursa Malaysia Securities Bhd has granted Pharmaniaga Bhd a three-month extension up to Aug 29 to implement its regularisation plan.
'The extension of time granted is without prejudice to Bursa' right to proceed to suspend the trading of Pharmaniaga's listed securities and to delist the company in the event it fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities,' the company said in a filing with Bursa.
Pharmaniaga said if it fails to carry out the regularisation plan within the given time frame, Bursa will serve the company with a suspension notification before suspending trading of listed securities on the sixth market date from the suspension.
Pharmaniaga will then be delisted, subject to the company's right to appeal against the delisting, it said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
![MARKET PULSE PM JULY 30, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
19 minutes ago
- New Straits Times
MARKET PULSE PM JULY 30, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia ended the day on a positive note, buoyed by a wave of late buying interest, with the benchmark index settling at 1,524 points. Among the components of the index, petrochemical and telecommunications stocks emerged as the top gainers, whereas banking counters lagged behind, weighed down by the growing divergence in global monetary policies. As for the local currency, the ringgit extended its weakening trend against the US dollar, closing at 4.2350. In the cryptocurrency space, Bitcoin is trading around RM501,999, while Ethereum remains flat at RM16,153. Solana slipped lower to RM765. That wraps up today's Market Pulse.
New Straits Times
19 minutes ago
- New Straits Times
UEM Sunrise completes RM500mil Islamic medium-term notes issuance
KUALA LUMPUR: UEM Sunrise Bhd has completed the issuance of Islamic medium-term notes (IMTNs) worth RM500 million under its existing IMTN programme. In a filing with Bursa Malaysia today, UEM Sunrise said the programme, together with the company's existing Islamic commercial papers programme, has a combined aggregate limit of up to RM4 billion and is structured based on the shariah principle of murabahah via tawarruq arrangement. The property developer said the new IMTNs were issued in two tranches, comprising RM200 million with a tenure of 10 years maturing on July 30, 2035 and RM300 million with a tenure of 12 years maturing on July 30, 2037. It added that the proceeds raised from the new IMTNs will be used for the company and its subsidiaries' shariah-compliant general corporate purposes, including landbank and company acquisitions, investments; project development and infrastructure cost; capital and general expenditures, as well as refinancing of Islamic financing or outstanding loan facilities.
New Straits Times
19 minutes ago
- New Straits Times
Samaiden bags three bioenergy projects via Seda 2025 e-bidding
KUALA LUMPUR: Samaiden Group Bhd has secured three bioenergy project awards under the Sustainable Energy Development Authority (Seda) Malaysia's 2025 e-bidding mechanism. These projects, located in Johor, Terengganu, and Kelantan, will add over 18 megawatts of biomass and biogas capacity to Samaiden's portfolio, further strengthening its position in Malaysia's renewable energy (RE) sector. The approved projects include two biomass power plants located in Tangkak, Johor and Kemaman, Terengganu respectively, and a biogas power plant in Bachok, Kelantan. Each project was awarded a 21-year Feed-in Tariff (FiT) approval and are expected to begin commissioning from second half of 2028. Samaiden group managing director Datuk Ir Chow Pui Hee said these awards mark a significant step forward in expanding the group's RE portfolio beyond solar into biomass and biogas. "The diversification strengthens our long-term earnings visibility, supports Malaysia's decarbonisation agenda, and positions Samaiden as a comprehensive clean energy solutions provider," she said in a statement today. Chow said the group is proud that its bids were successful in three different states, showcasing the depth of our technical capabilities and execution track record." The biomass and biogas projects will expand Samaiden's involvement in Malaysia's RE sector, supporting the government's target of 70 per cent RE generation capacity by 2050.
