![Bursa malaysia announcement](https://kumkoniak.com/99.jpg)
![bursa malaysia announcement bursa malaysia announcement](https://www.malaysia-today.net/wp-content/uploads/2019/01/bursa_malaysia_1548033058-750x430.jpg)
One key finding was that based on a reading of the Listing Requirements, it was mandatory for Bursa Malaysia to de-list Wintoni after the winding up order was made. The decision was also reported in The Edge Malaysia. The Court of Appeal upheld this decision. The High Court decided in favour of the liquidator’s judicial review. The liquidator filed for judicial review against Bursa Malaysia’s enforcement decision. However, Wintoni (under the control of the liquidator) did not make announcements on its financial statements and quarterly reports.īursa Malaysia eventually took enforcement proceedings against the liquidator for the failure to have Wintoni announce or issue those financial statements. Wintoni was wound up through a winding up order and the Respondent, Mohd Afrizan, was appointed as liquidator.Īlthough Wintoni was wound up, Bursa Malaysia had maintained the listing status of the company.
![bursa malaysia announcement bursa malaysia announcement](https://s3media.freemalaysiatoday.com/wp-content/uploads/2018/02/ranjit-ajit.jpg)
![bursa malaysia announcement bursa malaysia announcement](https://assets.nst.com.my/images/articles/bursa-monitor_1616033906.jpg)
Wintoni Group Berhad (Wintoni) is a public listed company. Summary of the Decision and Significance Grounds of Judgment by: Lau Bee Lan JCA The Federal Court has granted leave to appeal against this Court of Appeal decision. The case dealt with interesting issues between the interplay of a liquidator’s role under the Companies Act and where the liquidated company is also subject to Bursa Malaysia’s Listing Requirement. The Court of Appeal in Bursa Malaysia Securities Berhad v Mohd Afrizan bin Husain ( grounds of judgment dated 2 July 2021) ruled that once a winding up order was made against a public listed company, Bursa Malaysia must de-list that company from the stock exchange.
![Bursa malaysia announcement](https://kumkoniak.com/99.jpg)