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KUALA LUMPUR: The potential removal of companies from Bursa Malaysia for failing to submit financial regularisation plans is becoming an increasingly familiar reality in the 2025 corporate landscape.
KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Reach Energy Bhd and seven of its directors for breaching the Bursa Malaysia Securities Main Market Listing Requirements.
KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Reach Energy Bhd and seven of its directors for breaching the Bursa Malaysia Securities Main Market Listing Requirements.
Bursa Malaysia Securities Bhd has publicly reprimanded Reach Energy Bhd (KL:REACH) and seven directors, for failing to promptly announce that the company had triggered the Practice Note 17 (PN17) criteria under listing rules, after its auditors raised concerns about its ability to continue as a going concern.
Reach Energy Bhd (KL:REACH), which made its debut on Bursa Malaysia as the special purpose acquisition company (SPAC) with the largest initial public offering that raised RM750 million in August 2014, is set to be delisted next Tuesday.
KUALA LUMPUR: Reach Energy Bhd will be delisted from the official list of Bursa Malaysia Securities Bhd (Bursa Securities) on April 29, 2025 following the company’s decision not to appeal the delisting.
KUALA LUMPUR: Reach Energy Bhd akan dinyahsenarai daripada senarai rasmi Bursa Malaysia Securities Bhd (Bursa Securities) pada 29 April 2025 susulan keputusan syarikat untuk tidak merayu terhadap penyahsenaraian tersebut.
KUALA LUMPUR: Loss-making Reach Energy Bhd saw trading in its shares surge to a near two-year high as investors headed for the exit, spooked by news that the oil and gas company could be shown the door from Bursa Malaysia next week.
KUALA LUMPUR: Permohonan Reach Energy Bhd (REB) untuk melanjutkan tarikh akhir bagi mengemukakan pelan regularisasi kepada pihak berkuasa kawal selia yang berkaitan telah ditolak oleh Bursa Malaysia.