Bursa Malaysia: LCL to be suspended from Dec 23

KUALA LUMPUR: LCL Corp Bhd, which was badly impacted by the Dubai financial crisis, faces suspension with effect from Dec 23 after it failed to come up with a regularisation plan.

LCL said it had on Wednesday, Dec 15, received a letter from Bursa Malaysia Securities Bhd about the suspension and the delisting of its securities.

It said the securities would be de-listed on Dec 27, unless an appeal is submitted to Bursa Securities on or before Dec 22, which is the appeal timeframe.

'Any appeal submitted after the appeal timeframe will not be considered by Bursa Securities,' it said.

Source: The Edge | Publish date: Wed, 15 Dec