KUALA LUMPUR (Nov 5): Trading in the shares of Smile-Link Healthcare Global Bhd (KL:SMILE) and MCOM Holdings Bhd (KL:MCOM) will be suspended on Friday (Nov 8) due to the two LEAP Market companies' failure to submit their annual audited financial statements for the period ended June 30, 2024, said Bursa Malaysia Securities.
Smile-Link and MCOM have also failed to submit their auditors' and directors' reports for the financial period within the stipulated time frame, Bursa Securities said in filings by the two companies.
Trading in their shares from Friday at 9am until further notice, the exchange regulator said, adding that if the companies failed to submit the relevant statements within six months from the expiry of the timeframe, the exchange may commence delisting procedures against them.
Last week, Smile-Link sought a temporary suspension of trading of its shares to avoid speculative trading “pertaining to the performance of the company", following its loss-making results announced two months ago, according to its filing.
The dental outfit also said in the filing that it could not meet the deadline to release its latest audited financial statement due to an outstanding audit fee of RM180,000.
MCOM, on the other hand, attributed the delay in releasing its audited financial statement to a shortage of experienced accounting personnel and the ongoing restructuring of the digital marketing solutions provider, including the restructuring of bank facilities and divestment of non-core assets.
Shares of Smile-Link closed up half a sen or 3.45% to 15 sen on Tuesday, valuing the company at RM39.19 million.
MCOM was last traded on Aug 23 at 20 sen, giving the company a market capitalisation of RM37.70 million.