Email This Print This News

Delay In Submission Of The Unaudited Quarterly Report On Consolidated Result Of The Third Quarter Ended 31 March 2017 ("Third Quarter Results")

BackJun 05, 2017
Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-02062017-00001
Subject Delay in submission of the unaudited quarterly report on consolidated result of the third quarter ended 31 March 2017 ("Third Quarter Results")
Description

Reply to query raised in the letter from Bursa Malaysia Securities Berhad dated 2 June 2017 in relation to the Company's announcement dated 1 June 2017.

Query Letter Contents

We refer to your Company’s announcement dated 1 June 2017, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

  1. Reasons for failing to issue the outstanding Third Quarter Results within the relevant timeframe i.e. by 31 May 2017;
  2. Expected date of issuance of the outstanding Third Quarter Results; and
  3. Steps taken or proposed to be taken to issue the outstanding Third Quarter Results by the expected date of issuance.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,

 

HENG TECK HENG
Vice President, Issuers
Listing

Regulation
TGG

Cc : Market Surveillance Dept. , Securities Commission (via fax)

Further to the announcement on delay in submission of the unaudited quarterly report dated 1 June 2017 and the query by Bursa Securities on the following, the Company wishes to announce that:

(1) due to the expiry of the contract of employment of the Chief Financial Officer ("CFO") on 30 April 2017 and pending finding a suitable replacement coupled with the sudden resignation of the Independent Director who was the Chairman of the Audit Committee on 29 May 2017, the Company was unable to complete the preparation of the Third Quarter Results in time for submission within the relevant timeframe for announcement of the quarterly report by 31 May 2017;

(2) barring any unforeseen circumstances, it is expected that by middle of July 2017, the Company should be able to issue the outstanding Third Quarter Results; and

(3) the Company is sourcing for suitable candidate to fill the vacancies of the CFO and Independent Director and hopes to be able to fill the vacancies within the month of June 2017 as it is not very easy to get suitable candidates to fill the vacancies. 




Announcement Info

Company Name XINGQUAN INTERNATIONAL SPORTS HOLDINGS LIMITED
Stock Name XINQUAN
Date Announced 05 Jun 2017
Category General Announcement for PLC
Reference Number GA1-05062017-00007