Tuesday 19 May 2015

Scan files legal action against Bursa Malaysia (2)

As more or less could be expected, Scan lost its case again Bursa Malaysia, according to this announcement.

I hope they won't appeal and just mend their business, which is in a bad shape, the company lost RM 7.1M in 2014 and 2.6M in 2013, with revenue in 2014 less than half of that in 2013.

According to this announcement:

"..... in the exercise of the powers under Rule 1.03 of the ACE LR, SCN is hereby classified as a GN3 Company pursuant to GN3 of the ACE LR with effect from 18 May 2015 and the Company is required to ensure strict adherence with its obligations under GN3 of the ACE LR."

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