NYLEX has informed in a filing that it had failed to submit the proposed regularisation plan to the relevant authorities for approval within the extended timeframe of 26 January 2024.
In accordance to paragraph 8.03A(3) of the Main Market Listing Requirements and Bursa Securities’ letter dated 13 October 2023, the trading in the securities of NYLEX will be suspended with effect from 7 February 2024.
The company had informed last week that will appeal for the suspension notice with the submission of its plan within the stipulated dates, but has now confirmed that it has failed to do so.
