It is already done deal mostly to be delisted as if they can, they already make all the effort to avoid delisted, so pointless to think it is possible for a turnaround, anyway, just the minor shareholder total loss, the major shareholder still with the company.......
Scomi Group Bhd sank to its all-time low of half a sen on Tuesday, after slipping two sen or 80% amid a potential delisting of the PN17 company. On Monday, Scomi announced that it faces being delisted following the regulator's rejection of its request for further extension of time to submit its regularisation plan. Trading of its shares is slated for suspension with effect from April 20.
In stk mkt trading or investing, you win some & lose some. After reviewing & reflecting, time to realign, rebalance & recover. A stk worth consideration is Genting Bhd. Operations in Msia, Spore, UK, Egypt, USA. Involved in other industries; oil & gas, plantations, biotech/biomed, etc. Do your own due diligence. Your money, your decision.
KUALA LUMPUR: Bursa Malaysia Securities Bhd has decided to allow the appeal and grant SCOMI GROUP BHD (SGB) a further extension, until Nov 30, 2022, from being delisted from the Official List of Bursa Securities.
In a filing with the exchange, the global service provider in the oil and gas and transport solutions industries said it was given time to submit the regularisation plan to the relevant authorities for approval.
The extended timeframe was due consideration to all facts and circumstances of the matter including the written and oral presentations before the Appeals Committee. — Bernama
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....