Make Your Money Work For You
HOT STOCK------ETITECH
Alan Young
Publish date: Tue, 02 Jul 2013, 11:02 PM
Alan Young
0 1,080
DISCLAIMER: This is a personal weblog of a trader. All information provided here, including recommendations(if any) should be treated for reading purposes only. All the trades mentioned are the trader's own opinion only. This blog is not responsible for your gains nor does it share your losses. YOU TRADE AT YOUR OWN RISKS. YOUR ACTIONS IS YOUR FULL RESPONSIBILITY. By continuing using this weblog, you are deemed to have accepted the said terms and conditions.
Take note of the following announcement:.....
The Board of Directors of ETITECH wishes to announce that the Company will not be able to issue its Audited Financial Statements for the financial period ended 28 February 2013 ("AFS") by 30 June 2013 i.e. within a period of not more than 4 months from the close of the financial year ("Relevant Timeframe") to Bursa Malaysia Securities Berhad ("Bursa Securities")as required under Paragraph 9.23(2) of Bursa Securities Main Market Listing Requirements.
The reason for failing to issue the AFS within the Relevant Timeframe is due to reclassification of assets in respect of the proposed disposal of indirect wholly owned sudsidiary.
In view of the above, the expected date of issuance the AFS is on or before 08 July 2013.
If the Company fails to issue the AFS within 5 market days from the expiry of the Relevant Timeframe i.e. 08 July 2013 (the last day of this 5 market days shall hereinafter be referred to as "the Suspension Deadline"), in addition to any enforcement action that the Bursa Securities may take, Bursa Securities shall suspend trading in the securities of ETITECH.
The suspension shall be effected on the market day following the expiry of the Suspension Deadline and shall be uplifted on the market day following the issuance of the AFS unless otherwise determined by Bursa Securities. As such, the suspension will be effected on 09July 2013.
If the Company fails to issue the AFS within 6 months from the expiry of the Relevant Timeframe, in addition to any enforcement action that the Bursa Securities may take, de-listing procedures shall be commenced against ETITECH.
This announcement is dated 01 July 2013.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
