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Bursa grants Asdion until Dec. 31 to appoint replacement principal adviser and sponsor
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Bursa grants Asdion until Dec. 31 to appoint replacement principal adviser and sponsor
  • Bursa Securities granted Asdion a two-month extension to Dec. 31, 2026, to appoint a replacement principal adviser and sponsor.
  • The Nov. 12, 2026, decision requires delisting if a replacement sponsor is not appointed by the deadline.
  • Failure to submit a regularisation plan for approval by Jan. 31, 2027, will also trigger delisting.
  • Other delisting triggers include failure to appeal rejected plan approval, an unsuccessful appeal or failure to implement the plan within prescribed deadlines.
  • Securities will be removed two market days following notification of a trigger, unless Bursa Securities specifies another date.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ASDION Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3724006) on November 12, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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