Malaysia: Bunker firm Petrol One submits appeal against de-listing
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by Admin
Company submits appeal to Bursa Malaysia on Monday, before Friday deadline.
Malaysia-listed bunkering and storage company Petrol One Resources Berhad (PORB) Monday submitted an appeal to the exchange holding company Bursa Malaysia against a de-listing decision.
The decision by Bursa Malaysia to delist PORB from the exchange was due to the latter being unable to meet listing requirements; shares of PORB have stopped trading since 2014.
“Given that the Appeal was submitted within the Appeal Timeframe (i.e. by 20 August 2018), the removal of the securities of the Company from the Official List of Bursa Securities on 24 August 2018 shall be deferred pending the decision by Bursa Securities on the Appeal,” said a PORB note.
Related: Malaysia bunker firm Petrol One Resources to be delisted
Published: 21 August, 2018
