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PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT

TH HEAVY ENGINEERING BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description
TH HEAVY ENGINEERING BERHAD ("THHE" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO PARAGRAPH 8.03A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("MAIN LR")
Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the previous PN17 announcements.

We refer to the first announcement dated 28 April 2017 in relation to the Company being classified as a PN17 Affected Listed Issuer, the subsequent announcements dated 2 May 2017, 1 June 2017, 3 July 2017, 1 August 2017, 5 September 2017, 2 October 2017, 1 November 2017, 4 December 2017, 2 January 2018, 4 January 2018, 2 February 2018, 1 March 2018, 2 April 2018, 27 April 2018, 3 May 2018, 16 May 2018, 1 June 2018, 2 July 2018, 1 August 2018, 3 September 2018, 1 October 2018, 25 October 2018, 1 November 2018, 14 November 2018, 3 December 2018, 2 January 2019, 4 February 2019, 1 March 2019, 1 April 2019, 24 April 2019, 2 May 2019, 17 May 2019, 3 June 2019, 1 July 2019, 1 August 2019, 3 September 2019, 1 Oct0ober 2019, 21 October 2019, 1 November 2019, 20 November 2019, 2 December 2019, 2 January 2020, 3 February 2020, 2 March 2020, 1 April 2020, 22 April 2020, 4 May 2020, 1 June 2020, 5 June 2020, 1 July 2020, 3 August 2020, 1 September 2020, 1 October 2020, 22 October 2020, 2 November 2020, 1 December 2020, 4 January 2021, 2 February 2021, 1 March 2021, 1 April 2021, 3 May 2021, 1 June 2021,1 July 2021, 2 August 2021, 1 September 2021,1 October 2021, 1 November 2021, 1 December 2021, 4 January 2022, 3 February 2022, 1 March 2022,1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022 and 1 August 2022 pursuant to the requirements under PN17 of Main LR.

Public Investment Bank Berhad had, on behalf of the Board, on 1 September 2022, announced that after due consideration of all facts and circumstances of the matter, Bursa Malaysia Securities Berhad (“Bursa Securities”) has vide its letter dated 30 August 2022, decided to:

(a)  dismiss the Company’s further appeal for an extension of time until 22 February 2023 to submit its regularisation plan to the relevant authorities for approval; and

(b)  de-list the securities of the Company from the Official List of Bursa Securities pursuant to Paragraph 8.04 of the Main Market Listing Requirements.

In the circumstances, the securities of the Company will be removed from the Official List of Bursa Securities on 5 September 2022 and upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and businesses and proceed with its proposed corporate restructuring.

This announcement serves as the announcement required under Paragraph 4.1(c) of PN17 of the Main LR.

This announcement is dated 1 September 2022.





Announcement Info

Company Name TH HEAVY ENGINEERING BERHAD
Stock Name THHEAVY
Date Announced 01 Sep 2022
Category General Announcement for PLC
Reference Number GA1-30082022-00042



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