Globetronics Technology Bhd. (KLSE: GTRONIC) must meet the following specific financial criteria to avoid delisting:
- Minimum Share Price: The company must maintain a minimum share price of RM0.10 for a period of 20 business days. If the share price falls below this threshold for the required period, the company could be at risk of delisting.
- Financial Performance: The company must demonstrate a minimum market capitalization of RM50 million and a minimum quarterly revenue of RM10 million. If the company fails to meet these financial performance criteria, it could be at risk of delisting.
- Corporate Governance: The company must comply with the corporate governance requirements set by Bursa Malaysia Securities, including having a minimum of three independent directors on its board. Failure to meet these corporate governance standards could also lead to delisting.
In summary, Globetronics Technology Bhd. must meet the minimum share price requirement, maintain a minimum market capitalization and quarterly revenue, and comply with corporate governance standards set by Bursa Malaysia Securities to avoid delisting. The company must address these financial and corporate governance criteria to ensure its continued listing on the exchange.
9/15/2024 00:43am
