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Practice Note 17 / Guidance Note 3 : Monthly Announcement

BackApr 02, 2025
Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description REACH ENERGY BERHAD ("REB" or "the Company")

MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES 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 and 19 March 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.

 

Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 18 October 2024 resolved to grant the Company a further extension of time of 6 months up to 2 April 2025 to submit its regularisation plan to the relevant regulatory authorities for approval.

 

The Board of Directors of the Company wishes to inform that the Company has on 19 March 2025 submitted an application to Bursa Securities for an extension of time again up to 2 October 2025 for the Company to submit a regularisation plan to the relevant regulatory authorities. The application is currently pending approval from Bursa Securities.

 

Further announcement will be made to Bursa Securities with regards to the development of the regularisation plan in due course.

 

This announcement is dated 2 April 2025.


Announcement Info

Company Name REACH ENERGY BERHAD
Stock Name REACH
Date Announced 02 Apr 2025
Category General Announcement for PLC
Reference Number GA1-24032025-00049

Reach Energy was incorporated in Malaysia under the Companies Act 1965 as a private limited company on 7 February 2013 under the name of Reach Energy Sdn Bhd. On 2 August 2013 our company converted into a public company and was renamed as Reach Energy Berhad.



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