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BackJun 01, 2017
Type Announcement
Subject OTHERS
Description

Delay in submission of the unaudited quarterly report on consolidated result of the third quarter ended 31 March 2017

Pursuant to Paragraph 9.28(3) of Bursa Malaysia Securities Berhad (“Bursa Securities”) Main Market Listing Requirements (“MMLR”), the Company wishes to announce that it is unable to submit its Third Quarter Results by 31 May 2017 (“Timeframe”) to Bursa Securities as required under Paragraph 9.22(1) of the MMLR.

The Company also wishes to inform that it is aware of the provisions contained in Paragraph 9.28(5) of MMLR that, if Xingquan International Sports Holdings Limited (“Xingquan”) fails to issue the outstanding Third Quarter Results within five (5) market days after the expiry of the Timeframe (the last day of five (5) market days period is referred to as “Suspension Deadline”), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of Xingquan. The suspension shall be effected on the next market day after the Suspension Deadline, which is 8 June 2017, and will be uplifted on the market day following the issuance of the outstanding Third Quarter Result, unless otherwise determined by Bursa Securities.

Xingquan will try to resolve the issues and finalise the outstanding Third Quarter Results soonest possible.





Announcement Info

Company Name XINGQUAN INTERNATIONAL SPORTS HOLDINGS LIMITED
Stock Name XINQUAN
Date Announced 01 Jun 2017
Category General Announcement for PLC
Reference Number GA1-01062017-00101