buyappleacc.com is a reputed website selling apple developer account, providing us, China and worldwide developer individual accounts for sale. It's at low price and good quality. Always provides satisfying services!

HomeSocialtext

aws账号(www.2km.me)_Bursa starts delisting procedures against CAP

admin2021-12-1722

aws账号

aws账号www.2km.me)提供aws账号、aws全区号、aws32v账号、亚马逊云账号出售,提供api ,质量稳定,数量持续。另有售azure oracle linode等账号.

In a filing with Bursa Malaysia yesterday, CAP said the procedures commenced after the completion of investigation and/or enforcement actions by the regulators against CAP for breaches under the Main Market Listing Requirements and securities law.

KUALA LUMPUR: Bursa Malaysia has commenced delisting procedures against China Automobile Parts Holdings Ltd (CAP) over its failure to issue annual reports from the financial years ended June 30, 2017, until 2020.

In a filing with Bursa Malaysia yesterday, CAP said the procedures commenced after the completion of investigation and/or enforcement actions by the regulators against CAP for breaches under the Main Market Listing Requirements and securities law.

“In the circumstances, the securities of CAP will be removed from the official list of Bursa Securities on Dec 27, 2021, unless the company submits an appeal to Bursa Securities within five market days from today by Dec 22, 2021.“In the event the company submits an appeal to Bursa Securities within the appeal timeframe, the removal of the securities of the company from the official list of Bursa Securities on Dec 27 shall be deferred pending the decision on the company’s appeal.”

Alternatively, CAP said its shareholders who intend to hold their securities in the form of physical certificates can withdraw these securities from their central depository system accounts maintained with Bursa Depository at any time after the securities of the company have been delisted.

“This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository.”

Upon its delisting, CAP said it would continue to exist but as an unlisted entity.

“The company is still able to continue its operations and business 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.”

Additionally, CAP said its external auditors, CAS Malaysia PLT had issued a letter dated Nov 30, 2021, which provided an indicative completion date of audits and issuance of the audited financial statements for the financial year ended June 30, 2017 to 2020 by Dec 29, 2021.

“CAP’s representations are that the company will work towards regularising the issuance of all outstanding audited financial statements for 2017 to 2020 and the annual report for the financial year ended June 30, 2021, by mid-January 2022.”

CAP noted that it had appointed CAS as external auditors in place of PKF since July 24, 2020.

“However, the outstanding financial statements have not been issued as of to date. In addition, other than the letter, based on the chronology of events and representations of the company, there was no evidence of the steps taken towards finalisation of the outstanding financial Statements since the appointment of CAS.

Reviews

Popular tags