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Latest News
Bursa Malaysia, SC To Take Action If BCorp Acquisition Of Stake In Ascot Breaches Regulation
 
News From : DagangHalal.com (6/10/2010)

KUALA LUMPUR, June 9 (Bernama) -- The Securities Commission (SC) and Bursa Malaysia will take appropriate action should there be elements of misrepresentation with regards to Berjaya Corp Bhd's (BCorp) proposed acquisition of a 70 per cent stake in Ascot Sports Sdn Bhd.


In a statement here Wednesday, a spokesperson for SC said both Bursa Malaysia and SC would take appropriate action as provided for by the Listing Requirements and the securities laws.


"Bursa Malaysia is looking into this matter, including the disclosures and statements made by BCorp and other parties," the spokesperson said.


The spokesperson said in this regard, Bursa Malaysia would take appropriate steps, including where necessary, requesting BCorp to issue further clarification.


-- BERNAMA

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