Paragraph/Rule 8.03A Companies : Monthly Announcement

BackMar 01, 2021
Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
MONTHLY ANNOUNCEMENT
Description

AWANBIRU TECHNOLOGY BERHAD (FORMERLY KNOWN AS PRESTARIANG BERHAD)("AWANTEC" OR "THE COMPANY") - MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO PARAGRAPH 8.03A OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS

We refer to the Company’s first announcement dated 29 January 2021 in relation to the Company triggering the prescribed criteria pursuant to Paragraph 8.03A 2(a)(aa) of Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”).

 

In compliance with the Company's obligations under the Listing Requirements, the Board of Directors (“Board”) of AWANTEC wishes to inform that the Board is still in the midst of formulating a regularisation plan to address its affected listed corporation status.


Pursuant to the Main Market Circular dated 17 February 2021 issued by Bursa Securities on the additional relief measures to listed issuer amid the evolving COVID-19 situation, the requisite time for submission of a regularisation plan by listed issuer which triggers the criteria under Paragraph 8.03A (2)(a) of the Listing Requirements has been extended from 12 months to 24 months from the date it first announces that it triggers the criteria.

 

Accordingly, the Company has approximately 23 months to submit its regularisation plan to the relevant authorities for approval and will make further announcements in relation to any latest development in accordance with the requirements under Paragraph 8.03A of the Listing Requirements.


This announcement is dated 1 March 2021.





Announcement Info

Company Name AWANBIRU TECHNOLOGY BERHAD
Stock Name AWANTEC
Date Announced 01 Mar 2021
Category General Announcement for PLC
Reference Number GA1-25022021-00103