We refer to announcement dated 15 June 2017 wherein it was
announced that an application has been submitted to Bursa Securities for an extension of
time to submit the regularisation plan pursuant to Paragraph 8.03(A) of the Bursa
Securities MMLR (“Application”).
The Board of Directors of the Company wishes to announce that after due consideration of
all facts and circumstances of the Applications, Bursa Securities has vide its letter
dated 23 June 2017 decided to grant the Company an extension of time of up to 15
December 2017 to submit a regularisation plan to the regulatory authorities.
The extension of time granted to Hua-An is without prejudice to Bursa Securities’ right
to proceed to suspend the trading of the listed securities of Hua-An and to de-list the
Company in the event:
(i) the Company fails to make a regularisation plan to the regulatory authorities on or
before 15 December 2017;
(ii) the Company fails to obtain the approval from any of the regulatory authorities
necessary for the implementation of its regularisation plan; or
(iii) the Company fails to implement its regularisation plan within the time frame or
extended time frame stipulated by any of the regulatory authorities.
Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities
shall suspend the trading of the listed securities of Hua-An on the 6th market day after
the date of notification of suspension by Bursa Securities and de-list the Company,
subject to the Company’s right to appeal against the delisting.
This announcement is dated 23 June 2017.
