KUALA LUMPUR (Feb 3): MAXBIZ CORPORATION BHD [] shares fell on Friday after the company’s application for extension of time to submit the regularisation plan to the authorities was rejected by Bursa Malaysia Securities Bhd.
At 9.05am, Maxbiz fell four sen to 5 sen with 7.31 million shares traded.
“The board is currently deliberating on the decision made by Bursa Securities and will announce the next course of action in due course,” the company said on Thursday.
Earlier, a Bursa Securities circular said trading of Maxbiz’s securities faces the threat of suspension from Feb 14 unless it can submit an appeal before Feb 13.
A Bursa Malaysia Securities circular said on Thursday that Maxbiz failed to submit its regularisation plan to the Securities Commission or Bursa Securities Bhd for approval within the timeframe stipulated.
Maxbiz, could still however, submit an appeal to Bursa Securities on or before Feb 13. Any appeal submitted after the appeal timeframe would not be considered by Bursa Securities.
At 9.05am, Maxbiz fell four sen to 5 sen with 7.31 million shares traded.
“The board is currently deliberating on the decision made by Bursa Securities and will announce the next course of action in due course,” the company said on Thursday.
Earlier, a Bursa Securities circular said trading of Maxbiz’s securities faces the threat of suspension from Feb 14 unless it can submit an appeal before Feb 13.
A Bursa Malaysia Securities circular said on Thursday that Maxbiz failed to submit its regularisation plan to the Securities Commission or Bursa Securities Bhd for approval within the timeframe stipulated.
Maxbiz, could still however, submit an appeal to Bursa Securities on or before Feb 13. Any appeal submitted after the appeal timeframe would not be considered by Bursa Securities.
