PUTRAJAYA (Jan 5): The Federal Court on Wednesday ruled that there is no mandatory obligation on Bursa Malaysia Securities Bhd’s part as a stock exchange, to immediately delist a company when a winding-up order is made against the listed entity. “As long as the wound-up company remains listed, the liquidator, being the controlling person of the company, has to comply with the AMLR (Ace Market Listing Requirements),” said Federal Court Judge Datuk P Nalini.
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