This article first appeared in The Edge Financial Daily, on May 10, 2016.

KUALA LUMPUR: Guidance Note 3 (GN3) company Wintoni Group Bhd told the exchange yesterday it had failed to submit its annual report for the financial year ended Dec 31, 2015, within the stipulated time frame. Bursa Malaysia had earlier cautioned that the company’s shares will be suspended with effect from 9am today, if it failed to submit its annual report yesterday, which is five market days after its initial stipulated time frame for submission on April 30.

If the company fails to issue the outstanding financial statements within six months from the expiry of the relevant time frames, in addition to any enforcement action that Bursa Securities may take, delisting procedures shall commence.

To recap, the company had also failed to submit its third quarter ended Sept 30, 2015 (3QFY15) financial results on time, due to a loss of data, following a break-in at its office. Wintoni then submitted its 3QFY15 results to the stock exchange on Feb 26 this year.

As a result of its tardiness in submitting its 3QFY15 results, Wintoni shares were suspended from Dec 8 last year, and only resumed trading when it submitted its accounts on Feb 26. Wintoni triggered GN3 company criteria when shareholders’ equity in the company on a consolidated basis was less than 25% of its issued and paid-up capital, based on its 3QFY15 results.

Its chief financial officer (CFO) Lam Kong Chin resigned on March 31, citing personal reasons. He had been the CFO of the group since October 2013. The company has not announced the appointment of a new CFO since Lam’s departure.