PETALING JAYA: Steel manufacturer Perwaja Holdings Bhd’s application for an extension of time to submit its regularisation plan has been approved by Bursa Securities.
The company now has up to Nov 30 to submit a plan, failing which the company would be suspended from trading and subsequently delisted from the stock exchange. The company also faces a delisting should it not have the plan approved by the regulators, or should it fail to implement the plan within a stipulated time frame, including an extension of time.
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