In the event Kinsteel does not appeal within the set timeframe, it will be removed from Bursa Malaysia.
PETALING JAYA: Bursa Malaysia has rejected Kinsteel Bhd’s proposed regularisation plan given the plan’s heavy reliance on its subsidiaries financial performance.
The proposed regularisation scheme is dependent on Perfect Channel Sdn Bhd (PCSB) and Perfect Wiremakers Sdn Bhd (PWSB)’s ability to generate sufficient revenue, income and operating cash flow.
