R&A faces suspension on Sept 14


JF Apex Research: "Over a medium to long term outlook, we are cautious on the FBM KLCI performance as it still treads below the 100- and 200-day moving averages at 1,650 and 1,700 points respectively."

KUALA LUMPUR: R&A Telecommunication Group Bhd faces trading suspension from Sept 14 and de-listing on Sept 19 after its application for more time to submit its regularisation plan was rejected by Bursa Malaysia Securities.

The regulator said on Tuesday the de-listing of the ACE Market company would take effect on Sept 19 unless the company could submit an appeal on or before Sept 13.

“Any appeal submitted after the appeal timeframe will not be considered by Bursa Securities,” it said.

However, if the telco services related company is able to submit an appeal to Bursa Securities within the appeal timeframe, Bursa Securities will defer the de-listing pending the decision on the company’s appeal.


Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil heads for weekly gains on anxiety over intensifying Ukraine war
S&P lowers outlook on three Adani units after US indictment of founder
Bumi Armada posts higher net profit of RM211.33mil in 3Q
Affin Bank's net profit jumps 45% to RM145.82mil in 3Q
KLCI remains positive as heavyweights bounce higher
Malaysia's inflation comes in at 1.9% in Oct
Globetronics shares rally in early trade after Taiwan deal
Nissan to cut or transfer about 1,000 jobs in Thailand, sources say
Singapore Q3 GDP up 5.4% y-o-y, higher than advance estimate; 2024 forecast upgraded
Ringgit extends uptrend against greenback in early trade

Others Also Read