1 Jan 1900
BURSA MALAYSIA SECURITIES BERHAD MOHD AFRIZAN BIN HUSAIN
- Citation
- W-02(A)-696-06/2020 (Mahkamah Rayuan)
- Court
- A
- Case number
- W-02(A)-696-06/2020 (Mahkamah Rayuan)
Rule 16.11(2) ACE LR is mandatory and requires the Exchange to de-list a listed corporation upon a winding-up order; consequently, once de-listed the Exchange’s requirement that the listed issuer comply with ACE LR (including producing financial statements) no longer applies and the Listing Committee and Appeals Committee decisions imposing sanctions on the liquidator were tainted by error of law and irrationality and were quashed by the High Court and that decision was affirmed.