The Liquidator wishes to update the shareholders that the appeal against the Winding-Up Order which was fixed for hearing at the Court of Appeal on 3 February 2021 has been rescheduled to 9 November 2021 during the case management held on 15 February 2021.
KUALA LUMPUR: Trading in shares of oil and gas company Sumatec Resources Bhd remained suspended after it failed to announce its quarterly report for the period ended June 30, 2021, by the extended deadline.
Under the relief measures to listed issuers amid the evolving Covid-19 situation, Bursa Securities had on June 16, 2021, granted a one-month extension to the company to submit its quarterly report for public release.
However, Sumatec failed to announce the quarterly report to the regulator by the extended deadline of Oct 7, 2021.
"Pursuant to paragraph 9.28(5) of the Main LR, if a listed issuer fails to announce the outstanding financial statements within five market days after the expiry of the relevant timeframe as stated in paragraph 9.22(1) of the Main LR, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline," said Bursa in a Friday statement.
The company's securities have been suspended from trading since Nov 7, 2019. In view of the winding up order against the company, the suspension of trading will continue until further notice, said Bursa Securities.
It warned that if a listed issuer fails to announce the outstanding financial statements within six months from the expiry of the relevant timeframes, in addition to any enforcement action it may take, delisting procedures shall be commenced against the listed issuer.
Hello sifus here. Possible good news next week for SUMATEC? Can resume trading? Will TS Halim goreng the counter again? Need to disposed my shares.... need the spare cash.
"Posted by DreamHunter > Dec 22, 2013 10:09 PM | Report Abuse
And I'm not committed to the gallows, Alena. Not at all. But rather to the cruise galleys and galleons booked for the Mediterranean for next springtime. I'll give you a call just before leaving, in case you might wanna tag along."
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Westeros
834 posts
Posted by Westeros > 2021-09-27 16:37 | Report Abuse
Holla guys...just weird how come this counter has not been de-listed yet..