KUALA LUMPUR: The securities of plywood products manufacturer Annum Bhd
shall be delisted from Bursa Malaysia on Aug 12, 2025, following the dismissal of the company's appeal for an extension of time to submit its regularisation plan.
"With respect to the securities of the company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (Bursa Depository), the securities will be withdrawn from Bursa Depository by the Company upon the de-listing of the securities from the Official List of Bursa Securities.
"The company will continue to update and maintain the shareholders’ information in their Register," said the stock exchange in an announcement today.
Bursa Malaysia said the company will be delisted pursuant to paragraph 8.04 of the Main Listing Requirements.
It added that the company will continue to exist as an unlisted entity, and will be able to continue its operations and business and proceed with its corporate restructuring.
"Its shareholders can still be rewarded by the company' performance," it said.
However, the shareholders will be holding shares that are no longer quoted and traded on Bursa Malaysia. The interests and rights of the shareholders will remain safeguarded under the Companies Act 2016.
Trading in Annum's shares has been suspended since May 28, 2025. At its last close on May 27, 2025, the share was traded at 0.5 sen a unit.
The company, formerly known as Cymao Holdings Bhd, was required to submit a regularisation plan after being classified as a Practice Note 17 company on May 8, 2024, following a disclaimer of opinion issued by Messrs SBY Partners PLT for the period ended June 30, 2023.
Subsequently on April 30, 2025, auditors Messrs LTTH PLT also expressed a disclaimer of opinion on the financial statements of the group as it had not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion.
