THE KLSE has announced the commencement of further de-listing procedures against Rekapacific Bhd (Rekapac), notwithstanding the High Court order staying the exchange's earlier decision to delist Rekapac, pending a judicial review.
The commencement of further de-listing procedures is due to Rekapac's failure to regularise its financial condition within the prescribed time frame stipulated by the exchange pursuant to the Listing Requirements and Practice Note 4/2001 (PN4), the KLSE said in a statement on Thursday.