After more than 35 years on Malaysia’s stock market, Malpac Holdings Bhd is set to be delisted on Jan 13 following the rejection of its appeal for more time to submit a regularisation plan.
In a filing with Bursa Malaysia on Thursday, the company said its bid for a one-year extension, submitted on Nov 24, 2025—just days before the Nov 28 deadline—was dismissed by the bourse. This comes after Malpac’s securities were suspended on Dec 9 for missing the deadline, with the delisting date previously deferred pending the appeal decision.
Malpac, which began as a stockbroking firm and listed on the Main Market in December 1990, shifted its focus to oil palm plantations after divesting its stockbroking business in 2001. However, its operations were hampered by a 2002 plantation sale agreement in Teluk Intan, Perak, which became mired in long-running legal disputes, preventing the recognition of revenue from those assets.
The company has reported zero revenue since its financial year ended Dec 31, 2012, and was classified as an “affected listed issuer” in February 2020, requiring it to regularise its finances to maintain its listing.
Malpac was last traded at 72 sen, giving it a market capitalisation of RM54 million. At its peak in the 1990s, its share price had soared above RM11.
