Kuala Lumpur: Bursa Malaysia Securities Bhd (Bursa Securities) has granted Pharmaniaga Bhd a three-month extension to implement its Regularisation Plan, allowing the company until August 29, 2025, to comply with the necessary requirements.

According to BERNAMA News Agency, the extension is issued without prejudice to Bursa Securities’ right to take further action. This includes the potential suspension of Pharmaniaga’s listed securities and possible delisting if the company fails to implement the Regularisation Plan within the stipulated or extended timeframe set by regulatory authorities.

Pharmaniaga faces the risk of having its trading suspended on the sixth market day following notification of such action by Bursa Securities, should it fail to meet the deadline. The company, however, retains the right to appeal against any decision of delisting.