Tricubes Bhd currently voiced that Bursa Malaysia Securities Bhd (Bursa Securities) has disallowed a interest against rejecting of a proposed regularisation devise as well as de-listing.
In a circumstances, a bonds of Tricubes will be removed from a official list of Bursa Securities upon October 1, it pronounced in an proclamation to a exchange.
The troubled company was awarded a argumentative 1Malaysia email project in Apr last year to offer as a designated digital channel for government bodies to communicate with a public.
The project elicited extreme open critique as all government bodies have been required to pay for every email sent regulating a 1Malaysia email accounts.
Its critics also questioned either a devise was dictated to "bail out" Tricubes.
Shares can no longer be traded
Tricubes pronounced a securities, that have been currently deposited with Bursa Malaysia Depository Sdn Bhd, may remain deposited notwithstanding a de-listing of a bonds from a official list of Bursa Securities.
Alternatively, a shareholders who intend to hold their bonds in a form of earthy certificates, can repel these bonds from their Central Depository System (CDS) accounts during anytime after a bonds have been de-listed from a official list of Bursa Securities.
Upon a de-listing, Tricubes will continue to exist but as an unlisted entity.
It is still able to continue a operations as well as commercial operation as well as pro! ceed with corporate restructuring whilst shareholders can still be rewarded by a company's performance.
However, a shareholders will be holding shares that have been no longer quoted as well as traded upon Bursa Securities, Tricubes said.
In a circumstances, a bonds of Tricubes will be removed from a official list of Bursa Securities upon October 1, it pronounced in an proclamation to a exchange.
The troubled company was awarded a argumentative 1Malaysia email project in Apr last year to offer as a designated digital channel for government bodies to communicate with a public.
The project elicited extreme open critique as all government bodies have been required to pay for every email sent regulating a 1Malaysia email accounts.
Its critics also questioned either a devise was dictated to "bail out" Tricubes.
Shares can no longer be traded
Tricubes pronounced a securities, that have been currently deposited with Bursa Malaysia Depository Sdn Bhd, may remain deposited notwithstanding a de-listing of a bonds from a official list of Bursa Securities.
Alternatively, a shareholders who intend to hold their bonds in a form of earthy certificates, can repel these bonds from their Central Depository System (CDS) accounts during anytime after a bonds have been de-listed from a official list of Bursa Securities.
Upon a de-listing, Tricubes will continue to exist but as an unlisted entity.
It is still able to continue a operations as well as commercial operation as well as pro! ceed with corporate restructuring whilst shareholders can still be rewarded by a company's performance.
However, a shareholders will be holding shares that have been no longer quoted as well as traded upon Bursa Securities, Tricubes said.
Last January, Tricubes Bhd's 70 percent-owned subsidiary T! ricubes NCR JV Sdn Bhd was awarded aRM6 million projectby a Home Ministry to say a police force's hardware as well as program as well as server enhanced mobile government complement (EMMS).
- Bernama
Read More @ Source - Bernama
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