OTHERS BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY") - DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("LISTING REQUIREMENTS") ("DEFAULT IN PAYMENT")

BARAKAH OFFSHORE PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description
BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR THE "COMPANY")

- DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("LISTING REQUIREMENTS") ("DEFAULT IN PAYMENT")

Reference is made to the announcements made by the Company on 21 May 2019, 1 July 2019, 1 August 2019, 23 August 2019, 3 September 2019, 1 October 2019, 1 November 2019 and 2 December 2019 in relation to the default in payment pursuant to Paragraph 9.19A of the Listing Requirements.

 

The Board wishes to inform that there is no major development to the status of default in payment of the loan facility as at the date of this announcement. The Board is still in the midst of formulating a plan to regularise its financial conditions that will include proposals to address this default.

 

Further announcement will be made as and when necessary to Bursa Securities with regards to the development of the above matter.

 

This announcement is dated 2 January 2020.






Announcement Info

Company Name BARAKAH OFFSHORE PETROLEUM BERHAD
Stock Name BARAKAH
Date Announced 02 Jan 2020
Category General Announcement for PLC
Reference Number GA1-30122019-00057