Trading halt


If material information is announced during trading hours, for example a resolution in relation to a material corporate proposal rejected at an extraordinary general meeting which ended in the morning, will trading of securities of the listed issuer be suspended?

Generally, if any announcement in relation to material corporate proposals including those stipulated under paragraph 2.1 of Practice Note 20 is released during trading hours, unless the listed issuer has requested for a suspension of trading under Practice Note 2, Bursa Securities will impose trading halt for 1 hour or until the end of that trading session, whichever is the earlier. The details of the trading halt periods are as set out in paragraph 3.1 of Practice Note 20.