Unless
otherwise stated, abbreviations and definitions used throughout this announcement
shall be the same as those previously announced.
We refer to the announcements
made by the Company on 17 May 2012, 1 June 2012, 2 July 2012, 1 August 2012, 3
September 2012, 1 October 2012 and 2 October 2012.
The Company had, on
25 October 2012, announced that Bursa Malaysia Securities Berhad ("Bursa Securities")
had notified the Company vide its letter dated 25 October 2012 that Bursa Securities
had decided to allow the appeal by the Company against the de-listing under Rule
8.04 of the ACE Market Listing Requirements ("ACE LR").
On behalf of the
Board of Directors of ASIAEP, KAF Investment Bank Berhad ("KAF IB") wishes to
announce that pursuant to the announcement on 31 October 2012 of the consolidated
results for the financial period ended 31 August 2012, the Company has further
triggered Paragraphs 2.1(a), 2.1(b) and 2.1(c) of GN3 of the ACE LR.
The
Company is still in the midst of evaluating various options in its endeavour to
formulate a Regularisation Plan to meet its obligations pursuant to GN3 of the
ACE LR of Bursa Securities and that there are no major developments subsequent
to the announcement on 1 October 2012.
The Company has until 16 May 2013
for submission of the Regularisation Plan to the relevant authorities for approval,
which is approximately six (6) months from the date of this announcement.
This
announcement is dated 1 November 2012. |