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PRACTICE NOTE 17 / GUIDANCE NOTE 3 : OTHERS

SEACERA GROUP BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
Description
SEACERA GROUP BERHAD ("SEACERA" OR "THE COMPANY") 
- APPLICATION FOR A FURTHER EXTENSION OF TIME TO COMPLY WITH PARAGRAPH 8.04(3) AND PRACTICE NOTE 17 (PN17) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("MMLR")

Reference is made to the Company's announcements dated 18 October 2021 and 1 November 2021

 

The Board of Directors of the Company wishes to announce that Bursa Securities has vide its letter dated 24 November 2021, granted the Company a further extension of time up to 25 April 2022 to submit a regularisation plan to the regulatory authorities ("Extension of Time"), after due consideration of all facts and circumstances of the application for a further extension of time to submit its Regularisation Plan. 

 

The Extension of Time is granted without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of SEACERA and to de-list the Company in the event:-

 

1. the Company fails to submit a regularisation plan to the regulatory authorities on or before 25 April 2022; 

2. the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; and

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

 

Upon the occurrence of any of the events set out in (1) to (3) above, Bursa Securities shall suspend the trading of the listed securities of SEACERA on the 6th market day after the date of the 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 24 November 2021. 






Announcement Info

Company Name SEACERA GROUP BERHAD
Stock Name SEACERA
Date Announced 24 Nov 2021
Category General Announcement for PLC
Reference Number GA1-24112021-00091




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