Bursa Securities rejects CAP's regularisation plan extension time application

KUALA LUMPUR: Bursa Malaysia Securities Bhd (Bursa Securities) has rejected China Automobile Parts Holdings Ltd’s (CAP) application for an extension of time to submit its regularisation plan, leaving the latter with a possible delisting from the official list of Bursa Securities.

In a filing to Bursa Malaysia, CAP said trading of its securities would be suspended from Nov 18 and be delisted on Nov 22 unless an appeal against the action is submitted to Bursa Securities on or before Nov 17.