KUALA LUMPUR: Reneuco Bhd has failed to submit its annual report 2023 for the financial period ended Sept 30, 2023 (FY23) within four months from the close of the financial year of the company which falls on Jan 31, 2024.

       “The delay in the issuance of Annual Report 2023 was mainly due to the additional time needed by the external auditors to complete its audit and the company wishes to provide more time for the external auditors to complete the audited financial statements for the financial period ended Sept 30, 2023. The company is working with the external auditors to finalise the audit expeditiously,” Reneuco said in a filing with Bursa Malaysia.

       The company expects to issue and submit its Annual Report 2023 by March 2024 although the company is working towards the deadline on Feb 8.

       Under Bursa Securities' Main Market Listing Requirements, if the company fails to issue the outstanding financial statements within five market days after the expiry of the relevant timeframe, it will be suspended.

       The suspension shall be effected on the next market day after the suspension deadline which is on Feb 9 and will be lifted on the market day following the announcement/issuance of the outstanding Annual Report 2023 unless otherwise determined by Bursa Securities.