Oilcorp to be delisted on Jan 25

  • Business
  • Thursday, 20 Jan 2011

PETALING JAYA: Oilcorp Bhd shares will be delisted on Jan 25 following a High Court decision to allow Bursa Malaysia Securities Bhd's application to intervene and set aside an earlier High Court order, the engineering services firm said in a filing with the exchange.

On Nov 9, 2010 the Practice Note 17 company obtained an order from the High Court restraining the regulator from taking any action and/or continuing any action including but not limited to de-listing its securities until the valid expiry of the restraining order or any extension of the order.

Bursa Securities had on the same date written to Oilcorp stating that the listing committee had decided to reject its appeal against de-listing.

  OILCORP :  [Stock Watch]  [News]

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