KUALA LUMPUR (Nov 16): Shares in soon-to-be delisted Nakamichi Corp Bhd tumbled 63.64% this morning after Bursa Malaysia rejected the timber group's regularisation plan that was submitted in April.

At 9.36am, Nakamichi lost 7 sen to 4 sen with 78,200 shares done.

As it stands, the company will be delisted on Nov 27.

Nakamichi said it has, however, been given until Nov 22 to submit an appeal against the delisting from the Main Market, or face suspension of securities trading on Nov 23 or the following day.

Upon its delisting, the group will continue to exist but as an unlisted entity, and will still be able to continue its operations and business as well as proceed with its corporate restructuring and reward its shareholders according to its performance.