KUALA LUMPUR: LYC Healthcare Bhd has appealed against the commencement of delisting proceedings, putting its scheduled removal from Bursa Malaysia on hold pending the exchange's decision.
In a bourse filing today, the healthcare services provider said it submitted the appeal on Oct 20, ahead of the Oct 26 deadline.
The appeal follows the termination of its advisory relationship with UOB Kay Hian (M) Sdn Bhd, leaving the company without a sponsor for its proposed Guidance Note 3 regularisation plan.
LYC Healthcare is scheduled to be delisted from the ACE Market on Oct 29, while trading in its securities is due to be suspended from Oct 27.
