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NewsHot Stock Wintoni slumps 23.08% ahead of trading suspension next week
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Hot Stock Wintoni slumps 23.08% ahead of trading suspension next week
by Cals Thu 03 Dec 2015, 23:23
- Hot Stock
[size=28]Wintoni slumps 23.08% ahead of trading suspension next week
By Surin Murugiah / theedgemarkets.com | December 3, 2015 : 9:45 AM MYTKUALA LUMPUR (Dec 3): Shares of Wintoni Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 1.20) slumped 23.08% in active trade this morning after Wintoni yesterday sauid its shares will be suspended next Tuesday (Dec 8) at 9am, as the company has failed to submit its quarterly report for the period ended Sept 30, 2015 within the stipulated timeframe accorded by Bursa Malaysia.
At 9.25am, Wintoni fell 1.5 sen to 5 sen with 17.20 million shares done.
In a filing with Bursa Malaysia, Wintoni said it had failed to submit its quarterly results by Nov 30, 2015 to Bursa Malaysia Securities Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 2.30) for public release, pursuant to Rule 9.22(1) of Bursa Securities' Ace Market Listing Requirements.
“The suspension shall be effected on the next market day, after the suspension deadline,” the filing read, adding that the company’s securities will be suspended from 9am on Dec 8, until further notice.
The company also risks delisting, should it fail to issue the outstanding financial statements within six months from the expiry of the stipulated timeframe.
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