|Subject||DECISION IN RESPECT OF DE-LISTING PROCEDURES COMMENCED AGAINST IDAMAN UNGGUL BERHAD ("IDAMAN" OR "THE COMPANY")|
The Board of Directors of Idaman wish to inform that the Company had received a letter dated 15 July 2009 from Bursa Malaysia Securities Berhad ("Bursa Securities") informing that Bursa Securities has decided to grant Idaman an extension of time of 6 months until 29 November 2009 to submit the Company's regularisation plan to the Securities Commission and/or other relevant authorities ("the Approving Authorities") for approval ("the Extended Timeframe").
(i) In the event Idaman submits the Company's regularisation plan to the Approving Authorities for approval
within the Extended Timeframe, Bursa Securities will await the outcome of the Company's submission; and
Idaman needs to implement the Company's regularisation plan expeditiously within the timeframe or extended timeframes stipulated by the Approving Authorities in the event Idaman obtains all Approving Authorities' approval necessary for the implementation of the Company's regularisation plan.
Bursa Securities further decided that the securities of Idaman will be delisted pursuant to paragraph 8.14C(1) of the
Listing Requirements of Bursa Securities ("LR") upon occurrence of any of the events set out in (i) to (iv) below :-
Further to our announcement dated 1 July 2009, the Company wishes to inform that Tahan which has been placed under the management of the Appointed Person on 22 May 2009 on BNM's directive, has written to BNM on 14 July 2009 to seek further extension of time to submit the signed copies of the AAA2007 and AAA2008 to BNM respectively until 31 August 2009. The outcome is pending the approval from BNM.
|This announcement is dated 15 July 2009.|