Kuala lumpur: Trading in MMM Group Bhd’s securities will be suspended from Aug 7, 2025, after Bursa Malaysia Securities Bhd rejected its regularisation plan for failing to meet requirements under Practice Note 17 (PN17) of the Main Market listing requirements.
According to BERNAMA News Agency, MMM, formerly known as Asia Media Group Bhd, stated that its securities will also be delisted on Sept 4, 2025, unless an appeal against the rejection of the proposed regularisation plan and delisting is submitted to Bursa Securities on or before Aug 29. The company emphasized that any appeal submitted after this timeframe will not be considered by Bursa Securities, as noted in a Bursa Malaysia filing.
MMM assured that if delisted, the company would continue to exist as an unlisted entity. The company highlighted that it would still be able to proceed with its operations and corporate restructuring, allowing shareholders to potentially benefit from its performance.
However, MMM made it clear that shareholders will hol
d shares that are no longer quoted and traded on Bursa Securities. Despite this, the company assured stakeholders that their interests and rights would remain protected under the Companies Act 2016.