KUALA LUMPUR, Oct 25 — Bursa Malaysia Securities Bhd has publicly reprimanded JAKS Resources Bhd and its principal adviser, Kenanga Investment Bank Bhd , for contravening the exchange’s Main Market Listing Requirements .
Bursa Malaysia Securities said the finding of breach and imposition of the public reprimand on JAKS and KIBB were made pursuant to paragraph 16.19 of the Main LR upon completion of due process after taking into consideration all facts and circumstances of the matter including the materiality and impact of the breach.
On October 13, 2020, JAKS announced that the entitlement/books closing date for the proposed rights issue with warrants was fixed on October 27, 2020, but did not announce the BCD for the adjustments.
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