KUALA LUMPUR: Bursa Malaysia Securities Bhd has ordered China Automobile Parts Holdings Ltd (CAP) to reissue its audited financial statements for FY ended Dec 31, 2015 within six months or face de-listing.
The regulator said on Friday that CAP had until Jan 4, 2018 to reissue the audited statement.
On July 10, Bursa Securities had issued a show-cause notice to CAP on the commencement of trading suspension, under the Main Market Listing Requirements, for failing to reissue the company’s audited statements for FY end Dec 31, 2015 within one month from June 5.
Meanwhile, CAP posted net losses of RM65.26mil in the fourth quarter ended Dec 31, 2016, pushing its financial year 2016 into net losses of RM77.11mil.
This was in stark contrast of earnings of RM12.52mil in the fourth quarter ended Dec 31, 2015 and earnings of RM42.31mil in FY15.
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