R&A Tele­com given more time

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: R&A Telecom­mu­ni­ca­tion Group Bhd, a Guid­ance Note 3 (GN3) com­pany, has been given a fur­ther ex­ten­sion of up to Dec 31, 2016 to sub­mit its reg­u­lar­i­sa­tion plan.

In a fil­ing with the stock ex­change, the com­pany said it will be delisted if it fails to sub­mit the re­vamp plan within the stip­u­lated time; ob­tain ap­proval for the im­ple­men­ta­tion; and does not suc­ceed in ap­peal.

R&A has iden­ti­fied its new white knight, Syn­ergy Goldtree Sdn Bhd, which is in­volved in the con­struc­tion in­dus­try.

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