We refer to the Company’s announcements dated 11 October 2019, 25 October 2019, 6 January 2020, 2 April 2020, 3 September 2021, 12 October 2021, 8 March 2022, 27 April 2022 and 2 February 2023.
The Board of Directors of Anzo wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 13 February 2023, granted the Company an extension of time of 6 months up to 30 April 2023 to submit its regularisation plan to Bursa Securities. Details of the letter is as follows:
Bursa Securities has decided to:-
- grant ANZO a further extension of time until 30 April 2023 to submit the Company's regularisation plan to the relevant authorities for approval (“Extended Timeframe”), subject to the appointment of a Principal Adviser by the Company on or before 13 March 2023 (“Prescribed Timeframe”); and
- suspend the trading of the securities of ANZO with effect from 21 February 2023.
Bursa Securities has further decided to de-list the securities of the Company pursuant to paragraph 8.03A(3) of the Main LR in the event:-
(i) the Company fails to appoint a Principal Adviser within the Prescribed Time;
(ii) the Company fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe i.e. on or before 30 April 2023;
(iii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or Extended Timeframe, as the case may be) prescribed to lodge an appeal;
(iv) the Company does not succeed in its appeal; or
(v) the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.
Upon occurrence of any of the events set out in paragraphs (i) to (v) above, the securities of the Company will be removed from the Official List of Bursa Securities upon expiry of two (2) market days from the date the Company is notified by Bursa Securities or on such date as may be specified by Bursa Securities.
In arriving at the above decision to de-list, Bursa Securities had affirmed similar factors considered by Bursa Securities as communicated to the Company vide letter dated 13 June 2022.
This announcement is dated 14 February 2023.