KUALA LUMPUR (June 24): Ecobuilt Holdings Bhd (KL:ECOHLDS) said on Wednesday it may miss Bursa Malaysia's deadline to issue its annual report for the financial period ended Feb 28, 2026 (FY2026), putting the construction company at risk of a trading suspension and potential delisting if the delay is prolonged.
Ecobuilt said it foresees a delay in issuing its annual report, including its audited financial statements, auditors' report and directors' report, by the June 30 deadline required under Bursa Malaysia's Main Market Listing Requirements.
"The delay in the issuance of Annual Report 2026 was due to the additional time needed to finalise and complete the audited financial statements for the financial period FY2026," it said in a bourse filing.
Under Bursa rules, listed issuers that fail to issue their annual reports within five market days after the prescribed deadline face suspension of trading in their securities.
Ecobuilt said trading in its shares would be suspended from July 8 if it fails to issue the annual report by July 7.
The company added that Bursa may commence delisting procedures if the outstanding annual report remains unissued six months after the expiry of the prescribed timeframe.
"The company expects to issue and submit its Annual Report 2026, together with its audited financial statements on or before July 7, 2026," Ecobuilt said.
As at Nov 30, 2025, the company was in a net debt position of RM2.03 million, with borrowings of RM3.37 million exceeding cash and cash equivalents of RM1.35 million. The company has also remained loss-making since FY2022.
In September last year, Bursa publicly reprimanded Ecobuilt and fined its former chief executive officer Ng Choon Keith and former director Datuk Ong Chee Koen RM200,000 each for failing to make an immediate announcement of a winding-up order and for issuing a misleading announcement related to the matter.
According to Bursa, Ecobuilt delayed announcing a High Court winding-up order issued on July 24, 2024, and incorrectly stated that the court had ordered a stay to the winding-up petition.
The regulator said the company only disclosed the winding-up order three market days later. The order was subsequently set aside by the Court of Appeal in September 2024.
Separately, one of Ecobuilt's major subsidiaries, Rexallent Construction Sdn Bhd, was served with a winding-up petition in July 2025 over an alleged debt of RM447,886.46 claimed by Inflextec Engineering Sdn Bhd. Ecobuilt had said the financial impact would be limited to the amount claimed and related legal costs.
Ecobuilt's shares were untraded on Wednesday. It last closed at 4.5 sen, with a market capitalisation of about RM18.9 million.