KUALA LUMPUR: Cybertowers Bhd, a Guidance Note 3 company, plans to make an appeal after Bursa Malaysia Securities Bhd rejected its application for a further time extension to submit its regularisation plan.
In a filing with the exchange, Cybertowers, which operates a GPS (global positioning system)-based vehicle tracking system, said the trading of its securities would be suspended from Jan 28.
If no appeal is submitted by Jan 27, its securities would be de-listed on Feb 2.
The Ace Market company, which triggered the GN3 criteria in October 2013, had submitted an application to Bursa Securities seeking its approval for an extension up to April 29 to give its regularisation plan.
Cybertowers shares closed unchanged at 4.5 sen on Tuesday, with 245,000 shares traded.
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