| KUALA LUMPUR: LBS Bina Group Bhd is currently discussing various matters related to a heads of agreement (HOA) following the scheduled delisting of Nylex (Malaysia) Bhd from Bursa Malaysia on Tuesday. The HOA is between LBS, Ancom Lynex Bhd, Nylex, Sinar Bina Infra Sdn Bhd and BTS Group Holdings Public Company Ltd, respectively. In a filing with Bursa Malaysia, LBS Bina said the discussion will carefully consider the relevant facts, circumstances and developments about the HOA to determine the most appropriate next course of action. Nylex is set to be delisted from Bursa Malaysia following the company''s failure to submit its regularisation plan on time. The company has been inactive since selling its business to its parent company, Ancom Bhd, which was renamed Ancom Nylex Bhd in January 2022. After disposing of its assets and liabilities to Ancom, Nylex proposed undertaking an integrated development in Johor Bahru that would see the light rail transit (LRT) system connect to a rail transit system ( RTS) station. Then, it entered into the HOA in March 2022. -Bernama. |