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Pursuant to Paragraph 9.23(b) of the Bursa Malaysia Securities Berhad's ("Bursa Securities") Listing Requirements ("Bursa Securities LR"), the Company is required to furnish Bursa Securities its audited financial statements for the financial year ended 31 December 2007 ("Audited Financial Statements") for public release, within a period not exceeding four (4) months from the close of the financial year, which is on or before 30 April 2008.
Pursuant to Paragraph 9.26 of Bursa Securities LR, the Board of Directors wishes to announce the following:-
a) ASB has failed to submit its Audited Financial Statements within the stipulated prescribed period as stated in Paragraph 9.23(b) of Bursa Securities LR as the Audited Financial Statements are in the midst of finalisation with the auditors.
b) ASB expects to submit its Audited Financial Statements within three weeks from the date of this announcement.
Pursuant to Paragraph 9.26(4) of Bursa Securities LR, if a listed issuer fails to issue the outstanding Financial Statements within three (3) months from the expiry of the timeframes stated in Paragraphs 9.22 and 9.23 of Bursa Securities LR ("Relevant Timeframes") (the last day of the three (3) months' period shall hereinafter be referred to as "the Suspension Deadline"), in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend trading in the securities of such listed issuer. The suspension shall take effect on the market day following the expiry of the Suspension Deadline.
Pursuant to Paragraph 9.26(6) of Bursa Securities LR, if a listed issuer fails to issue the outstanding Financial Statements within six (6) months from the expiry of the Relevant Timeframes, in addition to any enforcement action that Bursa Securities may take, delisting procedures shall be commenced against such listed issuer.
This announcement is dated 30 April 2008. |
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