Cash Companies
8.8
In year 2010, X Bhd disposes of its core business relating to printing and has been classified as a Cash Company by Bursa Securities. X Bhd intends to expand its other existing business, which is cartridge manufacturing. Can X Bhd regularise its condition by developing this cartridge manufacturing as its new core business?
No, a regularisation proposal under paragraph 8.03 of the Main LR must involve an acquisition of a new core business and not by developing the Cash Company's existing business.