FAQ 16.1

Suspension of trading imposed by Bursa Securities

16.1	In relation to a voluntary winding-up of a listed corporation, when would Bursa Securities suspend the trading of its listed securities?

	Pursuant to Rule 16.02(1)(h) of the ACE LR, Bursa Securities may suspend the trading of a listed corporation’s listed securities upon the commencement of a voluntary winding-up in accordance with the Companies Act 1965. Pursuant to section 255(6) of the Companies Act, 1965, a voluntary winding-up commences –

	(a)	where a provisional liquidator has been appointed before the resolution for voluntary winding-up was passed, at the time when the declaration referred to in section 255(1) of the Companies Act, was lodged with the Registrar of Companies; or

	(b)	at the time of the passing of the resolution for voluntary winding-up,

	as the case may be.

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