KUALA LUMPUR: Trading in shares of oil and gas company Sumatec Resources Bhd remained suspended after it failed to announce its quarterly report for the period ended June 30, 2021, by the extended deadline.

       Under the relief measures to listed issuers amid the evolving Covid-19 situation, Bursa Securities had on June 16, 2021, granted a one-month extension to the company to submit its quarterly report for public release.

       However, Sumatec failed to announce the quarterly report to the regulator by the extended deadline of Oct 7, 2021.

       "Pursuant to paragraph 9.28(5) of the Main LR, if a listed issuer fails to announce the outstanding financial statements within five market days after the expiry of the relevant timeframe as stated in paragraph 9.22(1) of the Main LR, in addition to any enforcement action that Bursa Securities may take, Bursa Securities shall suspend the trading in the securities of such listed issuer. The suspension shall be effected on the next market day after the Suspension Deadline," said Bursa in a Friday statement.

       The company's securities have been suspended from trading since Nov 7, 2019. In view of the winding up order against the company, the suspension of trading will continue until further notice, said Bursa Securities.

       It warned that if a listed issuer fails to announce the outstanding financial statements within six months from the expiry of the relevant timeframes, in addition to any enforcement action it may take, delisting procedures shall be commenced against the listed issuer.