Sunday, 30 August 2015

Scan files legal action against Bursa Malaysia (3)

Scan Associates announced:

"..... that the KL High Court Suit No. 22NCC-130-05/2015 dated 10 May 2015 between SCAN (“Plaintiff”) and Bursa Malaysia Securities Berhad (“Defendant” or “Bursa Securities”) to restrain the Defendant from enforcing the Directive dated 8 May 2015 ("Suit"), has been withdrawn on even date with costs of RM30,000.00 paid to the Defendant and with no liberty to file afresh."

Finally some common sense in the company, after wasting RM 30K and valuable time and focus, while it is struggling to survive.

The next day the company announced a horrific set of results, with the net assets per share going below zero. The company will need nothing less than a miracle.

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