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Wednesday, February 23, 2011

Transmile faces suspension on March 3 for failing to submit revamp plan (Edge)

Beleaguered TRANSMILE GROUP BHD [] faces suspension with effect from March 3 and delisting on March 7 for failing to submit a regularisation plan to the regulators for approval by Feb 22.

However, it has until March 2 to submit an appeal to Bursa Securities. If it submits an appeal to Bursa Securities within the appeal timeframe, the removal of the securities will be deferred pending the decision on the company’s appeal.

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