KUALA LUMPUR: Loss-making Wintoni Group Bhd has received an extension of time until Aug 26 from Bursa Malaysia Securities to submit its regularisation plan.

In a filing with the exchange, the Guidance-Note 3 (GN3) company said Bursa still has the right to suspend the trading of its shares and delist the company if it fails to make the requisite announcement by June 16 and fails to submit its regularisation plan by Aug 26.

Bursa can also delist the company if it fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan, and if it fails to implement the plan within the time frame stipulated by the authorities.

On Monday, Wintoni announced that Techway Engineering Sdn Bhd, a supplier and contractor of engineering and technical services and products relating to renewable energy, was seeking a backdoor listing of Wintoni.

Wintoni inked a memorandum of understanding with Techway directors Lim Kuan Joo and Ismail M Shuhud for the exercise. The parties aim to sign the definitive agreements by Sept 30.

Last week, Wintoni, which does industrial automation systems design, announced that it could not submit its financial results for the three months ended Dec 31, 2016, which were due on Feb 28.