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Suspension Of Trading

BackJun 01, 2017

The above Company has failed to submit its 3rd Quarterly Report for financial period ended 31 March 2017 ("3rd QR") to Bursa Malaysia Securities Berhad ("Bursa Securities") for public release within the stipulated timeframe i.e. 31 May 2017 pursuant to Paragraph 9.22(1) of Bursa Securities' Main Market Listing Requirements ("LR").

Pursuant to Paragraph 9.28(5) of the LR, if a listed issuer fails to issue the outstanding financial statements within 5 market days after the expiry of the relevant timeframes as stated in Paragraph 9.22(1) of the LR ("Relevant Timeframes") (the last day of the 5 market days is referred to as "Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline.

In view of the above and in the event that XINQUAN is unable to submit the outstanding 3rd QR on or before 7 June 2017, the trading in the above Company's securities will be suspended with effect from 9.00 am, Thursday, 8 June 2017 until further notice.

Pursuant to Paragraph 9.28(6) of the LR, if a listed issuer fails to issue the outstanding financial statements within 6 months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take; de-listing procedures shall be commenced against such listed issuer.

 

Announcement Info

Company Name XINGQUAN INTERNATIONAL SPORTS HOLDINGS LIMITED
Stock Name XINQUAN
Date Announced 01 Jun 2017
Category Listing Circular
Reference Number ILC-01062017-00016