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The trading of Malaysia Pacific Corporation Bhd (MPCorp) shares will be suspended by the Bursa Malaysia Securities Bhd with effect from Aug 19 and the counter will be de-listed on Aug 23 unless an appeal against the de-listing is submitted on or before Aug 18. In a filing with Bursa Malaysia on Friday, it said this follows Bursa Securities’ decision, vide a letter dated Aug 11, 2022, to reject the company’s application for an extension of time to comply with Paragraph 8.04(3) and Practice Note 17 of the Main Market Listing Requirements of Bursa Securities.

Here is a brief look at some corporate announcements and news flow on Thursday (Aug 11), which include KPower Bhd, Greatech Technology Bhd, Tomypak Holdings Bhd, Pentamaster Corp Bhd, RCE Capital Bhd, MGB Bhd, Kejuruteraan Asastera Bhd, Pasukhas Group Bhd, Malaysia Pacific Corp Bhd and D'nonce Technology Bhd.

Decision part of rehabilitation of company

The Public Audit Forum is consulting on a proposed amended version of Practice Note 10, which provides guidance to auditors of UK public sector bodies.

KUALA LUMPUR: Sapura Energy Bhd’s (pic) group chief executive officer (CEO) and a major shareholder’s move to raise their stakes in the Practice Note 17 (PN17) company is a positive sign for existing shareholders and the financially distressed oil and gas support service provider, according to BIMB Securities Research analyst Azim Faris Abdul Rahim.