MASTEEL has failed to submit its annual audited accounts for the
financial year ended 31 December 2014 ("AAA 2014") to Bursa Malaysia
Securities Berrhad ("Bursa Securities") for public release within the
stipulated timeframe i.e. 30 April 2015 pursuant to Paragraph 9.23(2) of
Bursa Securities' Main Market Listing Requirements ("LR").
Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial staements within 5 market days after the expiry of the relevant timeframe as stated in Paragraph 9.23(2) of the LR ("Relevant Timeframe") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the shares of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.
In view of the above, the trading in MASTEEL's securities will be suspended with effect from 9.00 a.m., Tuesday, 12 May 2015 until further notice.
Pursuant to Paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take, delisting procedures shall be commenced against such listed issuer.
Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial staements within 5 market days after the expiry of the relevant timeframe as stated in Paragraph 9.23(2) of the LR ("Relevant Timeframe") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the shares of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.
In view of the above, the trading in MASTEEL's securities will be suspended with effect from 9.00 a.m., Tuesday, 12 May 2015 until further notice.
Pursuant to Paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take, delisting procedures shall be commenced against such listed issuer.
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