LYC Healthcare Berhad has been thrown a corporate lifeline after Bursa Malaysia Securities Berhad approved a six-month extension of time for the company to submit its financial regularisation plan.
The healthcare group announced that the exchange had, via a letter dated June 5, 2026, resolved to extend the submission deadline up to November 30, 2026. The company’s principal adviser for the restructuring exercise is UOB Kay Hian.
While the extension provides much-needed breathing room, Bursa Securities emphasized that the reprieve is without prejudice to its right to suspend and subsequently de-list LYC should it fail to meet strict structural milestones.
The exchange warned that it will initiate immediate enforcement action if the group encounters any of the triggers.
“Upon occurrence of any of the events set out above, Bursa Securities shall suspend the trading of the listed securities of LYC on the 6th market day after the date of notification of suspension… and de-list the Company, subject to the Company’s right to appeal against the delisting,” the filing stated.
