Wednesday, April 14, 2010

HO HUP : EXTENSION OF TIME TO SUBMIT THE REGULARISATION PLAN approved by BURSA

With the request for EXTENSION OF TIME TO SUBMIT THE REGULARISATION PLAN approved today, the counter should move up tomorrow (thur). Its highest intra day high this year was RM2.08 and its highest close this year was RM1.99 done on 6th Jan 2010; whilst it lowesest close was 2 days ago 12th Apr 2010 when it close at RM0.65 on very low volume 95500shares traded. Volume and price is expected to pick up with this approval. Appended below is the extract of the announcement made today 14-Apr-2010 at 6.05pm.
 
 
 
 
 
General Announcement (20100414GA00207)
Company Name HO HUP CONSTRUCTION COMPANY
Stock Code / Short Name 5169 / HOHUP
Date & Time Announce 14/04/2010 6:05:00 PM
Subject EXTENSION OF TIME TO SUBMIT THE REGULARISATION PLAN

Content
HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "The Company")
- EXTENSION OF TIME TO SUBMIT THE REGULARISATION PLAN
We act for and on behalf of Ho Hup.
The Board of Ho Hup wishes to inform that after due consideration of all facts
and circumstances of the matter, Bursa Malaysia Securities Berhad ("Bursa
Securities") has granted Ho Hup an extension of time of four (4) months, i.e.
from 4 April 2010 to 4 August 2010 to submit the Companys revised
regularisation plan to Bursa Securities for approval.
The extension of time granted to Ho Hup is without prejudice to Bursa
Securities right to proceed to suspend the trading of the securities of the
Company and to commence de-listing procedures against Ho Hup in the event:-
(1) Ho Hup fails to submit the Companys regularisation plan to the Approving
Authorities for approval on or before 4 August 2010;
(2) Ho Hup fails to obtain the approval from any of the Approving Authorities
necessary for the implementation of the Companys regularisation plan and does
not appeal to the Approving Authorities within the timeframe (or extended
timeframe, as the case may be) prescribed to lodge an appeal;
(3) Ho Hup does not succeed in the Companys appeal against the decision of the
Approving Authorities; or
(4) Ho Hup fails to implement the Companys regularisation plan within the
timeframe or extended timeframes stipulated by the Approving Authorities
Upon occurrence of any of the events set out in items (1) to (4) above, a
suspension shall be imposed on the trading of the listed securities of Ho Hup
upon the expiry of 5 market days from the date Ho Hup is notified by Bursa
Securities or such other date as may be specified by Bursa Securities and the
de-listing procedures shall be commenced against the Company.
This announcement is dated 14 April 2010.
 


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