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PARAGRAPH/RULE 8.03A COMPANIES : OTHERS

ISKANDAR WATERFRONT CITY BERHAD

Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
OTHERS
Description
ISKANDAR WATERFRONT CITY BERHAD ("IWCITY" OR "COMPANY")

APPLICATION FOR AN EXTENSION OF TIME TO SUBMIT A REGULARISATION PLAN
We refer to the announcements dated 25 March 2022, 3 June 2022, 10 June 2022, 22 March 2023, 19 April 2023, 20 September 2023, 18 October 2023, 21 March 2024 and the monthly announcements made by the Company pursuant to Paragraph 8.03A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”). Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those used in the said announcements.

On behalf of the Board of Directors of IWCity, Maybank Investment Bank Berhad wishes to announce that Bursa Securities has vide its letter dated 2 May 2024, granted the Company a further extension of time of 6 months up to 24 September 2024 for the Company to submit a regularisation plan to the relevant regulatory authorities for approval.

The aforesaid extension of time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of IWCity and to de-list the Company in the event:

(i) the Company fails to submit its regularisation plan to the relevant regulatory authorities on or before 24 September 2024;

(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or

(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities may suspend the trading of the listed securities of IWCity on the 6th market day after the date of notification of suspension by Bursa Securities and may de-list the Company, subject to the Company’s right to appeal against the delisting.

This announcement is dated 2 May 2024

 






Announcement Info

Company Name ISKANDAR WATERFRONT CITY BERHAD
Stock Name IWCITY
Date Announced 02 May 2024
Category General Announcement for PLC
Reference Number GA1-02052024-00101



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