Latest news with #AnnumBhd
Barnama
07-08-2025
- Business
- Barnama
Annum To Be Delisted From Bursa Securities On Aug 12
KUALA LUMPUR, Aug 7 (Bernama) -- Annum Bhd will be delisted from the Official List of Bursa Malaysia Securities Bhd (Bursa Securities) on Aug 12, 2025, following the rejection of its appeal for more time to submit a regularisation plan. In two separate filings with Bursa Malaysia today, Annum said Bursa Securities had dismissed its application for a six-month extension to submit the plan and decided to proceed with the delisting. 'In the circumstance, the company's securities will be removed from the Official List of Bursa Securities on Aug 12, 2025, two market days from the date of the notice,' it said, citing a letter from the exchange.
The Star
07-08-2025
- Business
- The Star
Plywood products manufacturer Annum to be delisted on Aug 12
KUALA LUMPUR: The securities of plywood products manufacturer Annum Bhd shall be delisted from Bursa Malaysia on Aug 12, 2025, following the dismissal of the company's appeal for an extension of time to submit its regularisation plan. "With respect to the securities of the company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (Bursa Depository), the securities will be withdrawn from Bursa Depository by the Company upon the de-listing of the securities from the Official List of Bursa Securities. "The company will continue to update and maintain the shareholders' information in their Register," said the stock exchange in an announcement today. Bursa Malaysia said the company will be delisted pursuant to paragraph 8.04 of the Main Listing Requirements. It added that the company will continue to exist as an unlisted entity, and will be able to continue its operations and business and proceed with its corporate restructuring. "Its shareholders can still be rewarded by the company' performance," it said. However, the shareholders will be holding shares that are no longer quoted and traded on Bursa Malaysia. The interests and rights of the shareholders will remain safeguarded under the Companies Act 2016. Trading in Annum's shares has been suspended since May 28, 2025. At its last close on May 27, 2025, the share was traded at 0.5 sen a unit. The company, formerly known as Cymao Holdings Bhd, was required to submit a regularisation plan after being classified as a Practice Note 17 company on May 8, 2024, following a disclaimer of opinion issued by Messrs SBY Partners PLT for the period ended June 30, 2023. Subsequently on April 30, 2025, auditors Messrs LTTH PLT also expressed a disclaimer of opinion on the financial statements of the group as it had not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.
Malaysian Reserve
07-08-2025
- Business
- Malaysian Reserve
Annum to be delisted from Bursa on Aug 12 after failed appeal for time extension
PRACTICE Note 17 (PN17) company Annum Bhd will be delisted from the Official List of Bursa Malaysia Securities Bhd on Aug 12, 2025, after the regulator dismissed its appeal for more time to submit a regularisation plan. In a letter dated Aug 7, Bursa Securities informed the company of its decision to reject Annum's application for a six-month extension to submit the plan and proceed with the delisting pursuant to Paragraph 8.04 of the Main Market Listing Requirements. Following the delisting, the company's securities, currently deposited with Bursa Malaysia Depository Sdn Bhd, will be withdrawn by Annum, and the company will continue to maintain the shareholders' information in its register. While shareholders will hold shares that are no longer quoted or traded on Bursa, their rights remain protected under the Companies Act 2016. — TMR
