KUALA LUMPUR, Bursa Malaysia Securities Bhd has rejected Ivory Properties Group Bhd’s application for more time to submit its regularisation plan to exit Practice Note 17 (PN17) status.
As a result, trading in Ivory Properties’ securities will be suspended from Aug 29, 2025, and the company will be delisted on Sept 3, 2025, unless it files an appeal with Bursa Securities by Aug 28, 2025.
Bursa Malaysia said any appeal submitted after the deadline will not be considered. If the company files an appeal within the given timeframe, the delisting will be put on hold until a decision is made. However, trading of its securities will still be suspended from Aug 29.
Bursa added that even if delisted, Ivory Properties will continue to operate as an unlisted entity, with the ability to carry on its business, implement restructuring plans, and potentially deliver value to shareholders.
