KUALA LUMPUR: Bursa Malaysia has decided to de-list two China-based companies – China Stationery Ltd (CSL) and Xingquan International Sports Holdings Ltd (Xingquan) – on Aug 16 for violation of the exchange’s listing requirements.
In a statement yesterday,Bursa said CSL has failed to announce/issue the company’s quarterly reports for the financial period ended Sept 30,2017 until Sept 30,2018 and the annual report for the 18-month financial year ended June 30,2018.
Meanwhile,Xingquan failed to announce/issue the company’s quarterly reports for the financial period ended March 31,2017 until Sept 30,2018 and the annual report for the financial year ended June 30,2017.
The exchange said both companies had exceeded six months from the stipulated timeframe under paragraphs 9.22(1) and 9.23(1) of the main market listing requirements and until to date. — Bernama
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