HALIFAX CAPITAL: Files Regularization Plan with Securities Commission
Company Reporter, June 18, 2007
Halifax Capital Bhd submitted on June
13, 2007, its regularization plans to the Securities Commission for
approval, the company informed the Bursa Malaysia Securities Bhd.
With the submission, Bursa Malaysia decided to await the outcome of the
company's submission and deferred the suspension of the company's
On June 12, 2007, the Troubled Company Reporter - Asia Pacific reported
that the Bursa Securities has commenced delisting procedures against
Halifax after it failed to comply with the extended timeframe to submit
its regularization plan to the Securities Commission and other relevant
authorities for approval by June 6, 2007.
Headquartered in Kuala Lumpur, Malaysia, Halifax Capital Berhad -- fka
Setron (Malaysia) Berhad -- is principally engaged investment holding,
and assembly and sale of electrical and electronic products. Setron
Sales & Service (M) Sdn. Bhd., the Company's wholly owned
subsidiary, is engaged in the distribution of electrical and electronic
The company is considered an affected listed issuer under the Bursa
Malaysia Securities Berhad's Practice Note 17 category because its
shareholders' equity on consolidated basis is less than 25% of the
issued and paid-up share capital.