Saturday 27 Apr 2024
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KUALA LUMPUR: IRM Group Bhd’s shares will be suspended from Feb 11 this year as the group has failed to submit a regularisation plan to Bursa Malaysia. According to IRM’s filing with the exchange yesterday, Bursa had granted it extensions up to Dec 19 last year for the submission of its regularisation plan, after the group missed its initial deadline on May 30 last year.

Its filing said its request for a further extension was rejected by Bursa and that Bursa also noted that IRM’s shares could face delisting on Feb 13, unless an appeal is submitted to the bourse on or before Feb 10.

“In the event the company submits an appeal within the appeal time frame, the removal of the securities of the company from the official list of Bursa Securities on Feb 13, 2015, shall be deferred pending the decision of the company’s appeal,” said the regulator.

 

This article first appeared in The Edge Financial Daily, on February 5, 2015.

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