KUALA LUMPUR: Idimension Consolidated Bhd has regularised its financial condition and level of operations and no longer triggers any of the criteria under Paragraph 2.1 of Guidance Note 3 (GN3) of the ACE Market Listing Requirements.
In a statement, Bursa Malaysia said the upliftment of Idimension from being classified as a GN3 company will be effective July 1.
As part of the regularisation plan, Idimension will be de-listed from the official list of the ACE Market of Bursa Malaysia Securities and EVD Bhd
will be admitted to the official list of the ACE Market of Bursa Securities in place of Idimension.
“Bursa Securities would like to emphasise that it will continue to monitor the progress of Practice Note 17 (PN17) and GN3 companies in respect of their compliance with the Main Market Listing Requirements and ACE Market Listing Requirements of Bursa Securities,” Bursa said.
As at June 30, there are a total of 26 companies under PN17 and GN3 which represent 2.79% of the total number of 932 companies listed on the Main and ACE Markets of Bursa Securities.
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