newbie_2016

newbie_2016 | Joined since 2016-10-04

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Learning is life-long...

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3 weeks ago | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3492846

REACH ENERGY BERHAD ("REB" OR THE "COMPANY")

APPLICATION FOR AN EXTENSION OF TIME TO SUBMIT A REGULARISATION PLAN TO THE RELEVANT AUTHORITIES TO REGULARISE THE FINANCIAL CONDITION OF REB PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENRS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("LISTING REQUIREMENTS")
(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 3 April 2023 and 4 April 2023 in relation to the classification of the Company as an affected listed issuer under PN17, where applicable, unless stated otherwise or defined herein)

Reference is made to the announcement dated 18 September 2024 in relation to the application to Bursa Securities for an extension of time up to 2 April 2025 for the Company to submit a regularisation plan to the relevant authorities.

On behalf of the Board of Directors of REB, TA Securities Holdings Berhad wishes to announce that Bursa Securities had vide its letter dated 18 October 2024 resolved to grant the Company a further extension of time of 6 months up to 2 April 2025 to submit its regularisation plan to the relevant regulatory authorities for approval.

The extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of the Company and to de-list the Company in the event:

(i) the Company fails to submit its regularisation plan to the relevant regulatory authorities on or before 2 April 2025;

(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or

(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of the Company on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the delisting.


This announcement is dated 21 October 2024.

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3 weeks ago | Report Abuse

hongkie majority shareholder paid 20 sen per share... think they are coming up with turn around plan to exit PN17 no?

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2 months ago | Report Abuse

The Board of Directors of REB wishes to announce that Crowe Malaysia PLT (LLP0018817-LCA) & AF1018, having given their consent to act as external auditors of the Company for the financial year ending 31 December 2024, be appointed as external auditors of the Company on 23 July 2024 and shall hold office until the conclusion of the next Annual General Meeting of the Company.

This announcement is dated 23 July 2024.

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2024-07-03 11:17 | Report Abuse

Any thoughts @TheContrarian?

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2024-07-01 10:50 | Report Abuse

Why was Ordinary Resolution 6 appointment of PwC was withdrawn?

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2024-06-20 13:43 | Report Abuse

Yes, agreed with you Robert Waters! Word of reason. Very insightful.

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2024-06-20 13:42 | Report Abuse

Good to hear from you TheContrarian! Been a while!!

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2024-06-12 13:03 | Report Abuse

@raymondroy I wonder your former boss who was the former CEO of the company before the Chinese investor took over didn't do due diligence before buying?

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2024-06-12 13:01 | Report Abuse

aiyooo.. auditor didn't find that ka? i understand the clean auditors report issued ma..

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2024-04-15 13:04 | Report Abuse

waaaaaahhh B4b4 you promoter Reach ka?? ;)

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2024-02-19 12:24 | Report Abuse

wow whats happening to THPlant?

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2023-12-06 14:29 | Report Abuse

@TheContrarian whats your take?

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2023-12-06 14:29 | Report Abuse

oh the previous ceo just dumped his shares... weird guy

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2023-12-04 13:44 | Report Abuse

wow somebody just dumped??

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2023-12-03 09:08 | Report Abuse

hahahaha green but no 'GO' wor.... still got hopeful people tho...

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2023-11-23 11:43 | Report Abuse

wow still got hopeful people!!

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2023-10-09 11:37 | Report Abuse

hope this Q will be green Quarter!!!

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2023-09-29 23:51 | Report Abuse

and ceo resigned! haiyaaaaa.... @TheContrarian what's up with this company??

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2023-09-19 21:24 | Report Abuse

lol.. @TheContrarian I like your building up the suspense..... like horror movies or Game of Thrones :)

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2023-09-15 09:40 | Report Abuse

waahh so excited @TheContrarian?? hehehehe

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2023-09-07 08:54 | Report Abuse

@TheContrarian i read i their report that Reach is selling at way lower than market Brent price due to the Ukraine War... their oil got tagged as Russian and with sanctions from the west and no alternative routes to offload, revenue is apparently affected

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2023-09-06 15:54 | Report Abuse

@TheContrarian will be laughing all the way to the bank soon?? ;)

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2023-09-06 15:53 | Report Abuse

touched 5.5!! nice nice

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2023-09-06 11:22 | Report Abuse

wah touched 5 sen oledy...!! mmmm nice

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2023-09-04 17:00 | Report Abuse

@THE ROCK i think price will start to go up once the next Q announcement remains positive... if can get accumulated losses turn retained earnings only the value will realise in my opinion..

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2023-08-24 12:09 | Report Abuse

hahahah sweet dreams...

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2023-08-24 10:44 | Report Abuse

Not bad for a start! Can sleep now

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2023-08-23 20:23 | Report Abuse

MGO makes sense! but I remember SC gave them approval to do the deal without having to do MGO rite?

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2023-08-23 18:49 | Report Abuse

what multiple you reckon @TheContrarian??

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2023-08-23 18:40 | Report Abuse

OMG!!!!! Seriously????

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2023-08-17 16:07 | Report Abuse

hard climb... more like descending....?? lol

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2023-08-01 23:02 | Report Abuse

Now you mentioned it... 62 mil... something brewing... could be green this coming Qtr announcement? possible??

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2023-08-01 21:04 | Report Abuse

why do you say that @TheContrarian? Can share your thoughts?

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2023-07-21 11:28 | Report Abuse

its a flat road or flat line so far ;)

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2023-06-27 21:34 | Report Abuse

3 sen oledy... road to 1 sen meh

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2023-06-26 16:57 | Report Abuse

who's buying?

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2023-05-18 16:14 | Report Abuse

lai lai... come to papa....

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2023-05-10 17:34 | Report Abuse

AGM around the corner... can go and ask?

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2023-05-02 09:35 | Report Abuse

what happened to volume this am? 935 am already 11 mil???

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2023-04-27 20:02 | Report Abuse

see Q1 results announcement?? Don't think the new Honkie owner is that silly...

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2023-04-20 13:36 | Report Abuse

snnoooooooooozeeeeee....... lol

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2023-04-18 07:11 | Report Abuse

@izoklse I tot the board has already denied the news? Unless Bursa query them again.

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2023-04-17 14:30 | Report Abuse

collecting.... how about you @TheContrarian??

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2023-04-10 14:32 | Report Abuse

Thanks @TheContrarian! Learnt something new today!!

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2023-04-10 12:46 | Report Abuse

@JuliusCeaser what can syndicates do? sorry silly question :)

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2023-04-10 11:10 | Report Abuse

MIEH 40% not his?

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2023-04-10 10:06 | Report Abuse

Honkie already controlled Reach at circa 68% already right @TheContrarian? Just need another 7% friendly party? (or God-knows-what?? huhuhuhu)

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2023-04-10 09:52 | Report Abuse

@jasontan1177 when they sell the asset (at a good price), ikan bilis will be rewarded too no? or else SC would have asked them to do Mandatory General Offer?