Bursa Securities rejects Awanbiru's request for extension of time

KUALA LUMPUR: Bursa Malaysia Securities Bhd has rejected Awanbiru Technology Bhd’s application for an extension of time to submit its regularisation plan, leaving the latter with a possible delisting of its securities.

The reason behind the rejection is that Awanbiru has not demonstrated to the satisfaction of Bursa Securities any material development towards the finalisation and submission of the regularisation plan to the regulatory authorities.