Investor Relations

Reference is made to the Company’s previous announcements on 10 August 2022, 1 September 2022 and 3 October 2022 in relation to the Company triggering Paragraph 8.03A(2)(a)(bb) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”) and having been considered as an affected listed issuer, as well as its development update in complying with the requirements under Paragraph 8.03A of the MMLR.

The Board of Directors of the Company wishes to inform that the Company is continuing to effectively address and finalise the available options to regularise its position as an affected listed issuer, guided by its advisers. The Company is actively looking into the expansion of its existing business activities and the acquisition of profitable businesses which are true to its business objectives and business plans. 

The Company has approximately 9 months to submit for approval a regularisation plan to the relevant authorities and will continue to make further announcements in relation to any latest development in accordance with the requirements under Paragraph 8.03A of the MMLR.

This announcement is dated 1 November 2022.