Unless otherwise stated, words and expressions used in this announcement shall have the same meaning as defined in the announcement dated 30 June 2014.
Further to our announcement made on 30 June 2014, the Board of Directors of CSL wishes to inform that Bursa Securities has via its letter dated 1 July 2014, rejected the Company’s application for a further extension of time of one (1) month from the Extended Deadline till 31 July 2014, for the issuance of 2013 AFS pursuant to Paragraph 9.23(2) of the LR.
As per the rejection letter dated 1 July 2014 issued by Bursa Securities and pursuant to Paragraph 9.28(5) of the LR, if CSL fails to issue the 2013 AFS within 5 market days from the expiry of the Extended Deadline (the last day of this 5 market days 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 CSL.
The suspension shall be effected on the market day following the expiry of the Suspension Deadline and shall be uplifted on the market day following the issuance of the 2013 AFS unless otherwise determined by Bursa Securities. As such, the suspension will be effected on 9 July 2014.
Pursuant to Paragraph 9.28(6) of the LR, if CSL fails to issue the 2013 AFS within 6 months from the expiry of the Extended Deadline, in addition to any enforcement action that Bursa Securities may take, de-listing procedures shall be commenced against CSL.
This announcement is dated 1 July 2014.
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