We refer to the Company’s announcement dated 31 October 2019 (“First Announcement”) and subsequent announcements in relation to the Company being classified as a PN17 Issuer pursuant to PN17 of the Listing Requirements (collectively referred to as “Announcements”). Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as defined in the Announcements.

On behalf of the Board of Directors of SESB, Mercury Securities Sdn Bhd wishes to announce that Bursa Securities had vide its letter dated 24 September 2024 resolved to grant the Company a further extension of time of 6 months until 31 January 2025 to submit its regularisation plan to the relevant authorities for approval (“Extended Timeframe”).

Bursa Securities has further decided to de-list the securities of the Company from the Official List of Bursa Securities pursuant to Paragraph 8.04 of the Listing Requirements in the event that:

(i) the Company fails to submit the regularisation plan to the relevant authorities for approval within the Extended Timeframe (i.e. on or before 31 January 2025);

(ii) the Company fails to obtain the approval for the implementation of its regularisation plan and does not appeal within the timeframe (or extended timeframe, as the case may be) prescribed to lodge an appeal;

(iii) the Company does not succeed in its appeal; or

(iv) the Company fails to implement its regularisation plan within the timeframe or extended timeframes stipulated by the relevant authorities.

Upon occurrence of any of the events set out in paragraphs (i) to (iv) above, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of 2 market days from the date the Company is notified by Bursa Securities or on such other date as may be specified by Bursa Securities.


This announcement is dated 24 September 2024.