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Practice Note 17 / Guidance Note 3 : Suspension And/Or Delisting
Type | Announcement |
Subject | PRACTICE NOTE 17 / GUIDANCE NOTE 3 SUSPENSION AND/OR DELISTING |
Description | REACH ENERGY BERHAD ("REB" or "the Company") SUSPENSION AND DE-LISTING OF THE SECURITIES OF REACH ENERGY BERHAD |
Reference is made to the Company’s First Announcements dated 3 April and 4 April 2023, subsequent monthly announcements and the Company’s announcement dated 27 June 2023,19 March 2024, 17 April 2024,18 September 2024, 21 October 2024, 19 March 2025 and 2 April 2025 in relation to the classification of the Company as an affected listed issuer under PN17. Unless otherwise defined, the definitions set out in the First Announcement shall apply therein.
The Board of Directors of the Company wishes to announce that the Bursa Securities has vide its letter dated 14 April 2025, rejected the Company's application for a further extension of time to submit its regularisation plan.
In the circumstances and pursuant to paragraph 8.04(5) of the Main LR, please be informed that: -
In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the de-listing of the securities of the Company from the Official List of Bursa Securities on 24 April 2025 will be deferred pending the decision on the Company’s appeal. However, Bursa Securities will proceed to suspend the trading of the Company’s securities on 22 April 2025 even though the decision on the Company’s appeal is still pending.
Further development on the suspension and de-listing of the securities of the Company will be announced by the Company in due course.
This announcement is dated 15 April 2025. |
Announcement Info
Company Name | REACH ENERGY BERHAD |
Stock Name | REACH |
Date Announced | 15 Apr 2025 |
Category | General Announcement for PLC |
Reference Number | GA1-15042025-00020 |