Saturday 27 Apr 2024
By
main news image

KUALA LUMPUR (June 4): Trading in the securities of Xingquan International Sports Holdings Ltd will continue to be suspended until further notice after the company failed to submit its quarterly report for the financial period ended March 31, 2019 to Bursa Malaysia Securities by May 31.

In an announcement this morning, Xingquan said pursuant to Paragraph 9.28 (5) of the Listing Rules (LR), if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes as stated in Paragraph 9.22(1) of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer.

“However, as the Company's securities have been suspended from trading since June 8, 2017, the trading suspension of Xingquan will continue until further notice,” it said.

 

      Print
      Text Size
      Share