PETALING JAYA: Ecobuilt Holdings Bhd
has until Jan 8 to submit its annual report for its financial year ended Aug 31, 2024 - failing which, trading of the company’s securities will be suspended the following day.
The construction company tumbled 28.57%, or one sen to 2.5 sen at 3.53 pm. It has fallen over 64% in the past six months.
In a filing with Bursa Malaysia, Ecobuilt said it had failed to submit its annual report, including its annual audited financial statements, together with the auditors' and directors' reports to Bursa Malaysia Securities Bhd within the stipulated timeframe, which was Dec 31, 2024.
In light of this, Ecobuilt said trading in its securities will be suspended with effect from 9am, Thursday, Jan 9, 2025, until further notice.
“Pursuant to Paragraph 9.28(6) of the Listing Rules, if a listed issuer fails to issue the outstanding financial statements within six months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against such listed issuer.”
