R&A Telecommunication to be delisted from Jan 30

PETALING JAYA: Guidance Note 3 (GN 3) company R&A Telecommunication Group Bhd will be delisted from Bursa Malaysia next Tuesday, after the regulator rejected its appeal for an extension of time to submit a new regularisation plan.
Despite the delisting, the company’s securities may remain deposited with Bursa Malaysia Depository Sdn Bhd and it is not mandatory to be withdraw from Bursa Depository.
Upon the delisting, R&A will continue to exist but as an unlisted entity. It is still able to continue its operations and business 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,” it said.
Trading in R&A shares have been suspended since September 14, 2016.