Commencement of de-listing procedures against KL Infrastructure Group Berhad Under Amended PN-17
Latest hit for De-listing procedure by Bursa Malaysia was KL Infrastructure Group Berhad under the Amended Practice Note No. 17/2005 (“Amended-PN17”).
The Company has failed to comply with the extended timeframe granted by Bursa Securities to submit its regularisation plans to the Securities Commission and other relevant authorities for approval by 31 August 2007
As at 3 September 2007, there are 30 Amended-PN17 companies which represent 3% of the total number of 1,001 companies listed on Bursa Securities. (source:bursamalaysia.com)
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September 3, 2007
Posted in: Corp. Restructuring
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