DELISTING OF SECURITIES
|LION DIVERSIFIED HOLDINGS BERHAD|
|Subject||DELISTING OF SECURITIES|
LION DIVERSIFIED HOLDINGS BERHAD ("LDHB" OR THE "COMPANY") APPEAL AGAINST DE-LISTING OF THE SECURITIES OF THE COMPANY FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") UNDER PARAGRAPH 8.04 OF BURSA SECURITIES MAIN MARKET LISTING REQUIREMENTS ("MAIN LR")
We refer to the announcement dated 21 March 2018 made by the Company in relation to the submission of appeal by the Company to Bursa Securities against the de-listing of the securities of the Company ("Appeal"). The Board of Directors of the Company hereby announce that Bursa Securities had vide its letter dated 20 April 2018, informed that after due consideration of all facts and circumstances of the matter including the written representations and oral representations of the Company on 12 April 2018, Bursa Securities has decided to: (a) dismiss the Company's Appeal for an extension of time up to 31 October 2018 to submit its regularisation plan to the relevant authorities for approval; and (b) de-list the securities of the Company from the Official List of Bursa Securities pursuant to paragraph 8.04 of the Main LR. In the circumstances, the securities of the Company will be removed from the Official List of Bursa Securities upon the expiry of two (2) market days from the date hereof, i.e. on Wednesday, 25 April 2018. With respect to the securities of the Company 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 It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.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 the Company 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 anytime 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 the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and businesses 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.
|Company Name||LION DIVERSIFIED HOLDINGS BERHAD|
|Date Announced||20 Apr 2018|
|Category||General Announcement for PLC|