HSL - DELISTING OF THE ENTIRE ISSUED SHARE CAPITAL OF HSL FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD
OTHERSHOCK SENG LEE BERHAD (HSLB OR THE COMPANY)
APPLICATION FOR WITHDRAWAL OF LISTING OF HSLB FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) PURSUANT TO PARAGRAH 16.07(a) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA SECURITIES (LISTING REQUIREMENTS) (PROPOSED DE-LISTING)
Hock Seng Lee $HSL / 6238 (HOCK SENG LEE BERHAD)
Research by PublicInvest
Ceasing Coverage
"Ceasing Coverage"
The Group announced overnight that its shares will be suspended from ntrading on May 18 onwards to facilitate its de-listing process. This follows on from the Final Closing Date on 9th May 2022 for the unconditional voluntary take-over offer to acquire the remaining 86,878,445 shares or 15.81% stake not held by Hock Seng Lee Enterprise and other joint ultimate offerors. We are formally ceasing coverage given this development. Our last call is Neutral with a TP of RM1.35. Current forecast should no longer be relied on as basis for recommendation.
Research Team
T 603 2268 3012
F 603 2268 3014
E research @publicinvestbank.https://cutt.ly/gHtejIC