OTHERS CHINA AUTOMOBILE PARTS HOLDINGS LIMITED ("CAP" or the "Company") DELAY IN RELEASE OF 1ST QUARTER REPORT PURSUANT TO PARAGRAPH 9.22(1) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
| CHINA AUTOMOBILE PARTS HOLDINGS LIMITED |
| Type | Announcement |
| Subject | OTHERS |
| Description | CHINA AUTOMOBILE PARTS HOLDINGS LIMITED ("CAP" or the "Company")
DELAY IN RELEASE OF 1ST QUARTER REPORT PURSUANT TO PARAGRAPH 9.22(1) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
|
The Board of Directors of CAP (“Board”) wishes to announce that the Company is unable to release its first quarterly report ("1st QR") for the period ended 31 March 2017 by 31 May 2017 (“Timeframe”) to Bursa Malaysia Securities Berhad (“Bursa Securities”) as required under Paragraph 9.22(1) of the Bursa Securities Main Market Listing Requirements (“MMLR”) due to unable to finalise its first quarter report within the stipulated timeframe.
The Company is unable to determine the expected timeline for issuance of the 1st QR at this juncture.
Pursuant to Paragraph 9.28(5) of the MMLR, if CAP fails to issue the 1st QR within 5 market days from the expiry of the Timeframe (the last day of this 5 market days shall hereinafter be referred to as "the Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of CAP.
The suspension shall be effected on the market day following the expiry of the Suspension Deadline and shall be uplifted on the market day following the issuance of the 1st QR unless otherwise determined by Bursa Securities. As such, the suspension will be effected on 8 June 2017.
Pursuant to Paragraph 9.28(6) of the MMLR, if CAP fails to issue the quarterly report within 6 months from the expiry of the Timeframe, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against CAP.
This announcement is dated 26 May 2017.
| |
Announcement Info
| Company Name | CHINA AUTOMOBILE PARTS HOLDINGS LIMITED |
| Stock Name | CAP |
| Date Announced | 26 May 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-12052017-00102 |
No comments:
Post a Comment