vimarsana.com

Latest Breaking News On - Main market listing requirement - Page 1 : vimarsana.com

High Court strikes out Serba Dinamik s bid to stop Bursa Malaysia from compelling company to release fact-finding update

Apex court allows Bursa s appeal against decision that wound-up companies must be delisted

PUTRAJAYA (Jan 5): The Federal Court on Wednesday ruled that there is no mandatory obligation on Bursa Malaysia Securities Bhd’s part as a stock exchange, to immediately delist a company when a winding-up order is made against the listed entity. “As long as the wound-up company remains listed, the liquidator, being the controlling person of the company, has to comply with the AMLR (Ace Market Listing Requirements),” said Federal Court Judge Datuk P Nalini.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.