De-Listing of Nylex (Malaysia) Berhad

NYLEX (MALAYSIA) BERHAD

Bursa Malaysia Securities Berhad (Bursa Securities) had dismissed Nylex (Malaysia) Berhad's appeal for a further extension of time to submit its regularisation plan to the relevant authorities for approval and decided to de-list the company pursuant to paragraph 8.03A of Bursa Securities Main Market Listing Requirements.

 

In the circumstances, the securities of the company shall be removed from the Official List of Bursa Securities on Tuesday, 11 March 2025.

 

 

Effect of De-listing from the Official List of Bursa Securities

 

The securities of the company which are currently deposited with Bursa Malaysia Depository Sdn Bhd (Bursa Depository) will be withdrawn from Bursa Depository by the company. The company will continue to update and maintain the shareholders’ information in their Register.

 

Upon the de-listing of the company, the company will continue to exist but as an unlisted entity. The company is still able to continue its operations and businesses and proceed with its corporate restructuring and its shareholders can still be rewarded by the company’s performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities. The interests and rights of the shareholders will remain safeguarded under the Companies Act 2016.