Wednesday, March 14, 2018

YFG----DELIST ON 26 MARCH 2018........................


Suspension and De-listing of YFG Berhad

YFG BERHAD


YFG Berhad (YFG) has failed to regularise its condition in accordance with paragraph 8.04(3)(a) of the Bursa Malaysia Securities Berhad (Bursa Securities) Main Market Listing Requirements (Main LR) where the company had withdrawn the proposed regularisation plan submitted to Bursa Securities and the company’s application for a further extension of time to submit a new proposed regularisation plan had been rejected by Bursa Securities.

In the circumstances and pursuant to paragraph 8.04(5) of the Main LR, please be informed that:-
(a) the trading in the securities of YFG will be suspended with effect from 22 March 2018; and
(b) the securities of YFG will be de-listed on 26 March 2018 unless an appeal against the de-listing is submitted to Bursa Securities on or before 21 March 2018 (“the Appeal Timeframe”).  Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

In the event YFG submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the company from the Official List of Bursa Securities on 26 March 2018 shall be deferred pending the decision on the company’s appeal.

With respect to the securities of YFG which are currently deposited with Bursa Malaysia Depository Sdn Bhd (“Bursa Depository”), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

Alternatively, shareholders of YFG who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at any time after the securities of the company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities’ General Line at 03-2034 7000 for further information on the withdrawal procedures.

Upon the de-listing of YFG, the company will continue to exist but as an unlisted entity. YFG is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.


Announcement Info

Company Name YFG BERHAD
Stock Name YFG
Date Announced 14 Mar 2018
Category Listing Circular
Reference Number ILC-14032018-00003

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