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PRACTICE Note 17 (PN17) company Annum Bhd will be delisted from the Official List of Bursa Malaysia Securities Bhd on Aug 12, 2025, after the regulator dismissed its appeal for more time to submit a regularisation plan.
In a letter dated Aug 7, Bursa Securities informed the company of its decision to reject Annum’s application for a six-month extension to submit the plan and proceed with the delisting pursuant to Paragraph 8.04 of the Main Market Listing Requirements.
Following the delisting, the company’s securities, currently deposited with Bursa Malaysia Depository Sdn Bhd, will be withdrawn by Annum, and the company will continue to maintain the shareholders’ information in its register.
While shareholders will hold shares that are no longer quoted or traded on Bursa, their rights remain protected under the Companies Act 2016. — TMR
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The post Annum to be delisted from Bursa on Aug 12 after failed appeal for time extension appeared first on The Malaysian Reserve.