Sentoria risks June 16 delisting after failure to submit regularisation plan

KUALA LUMPUR (June 5): Sentoria Group Bhd (KL:SNTORIA) is at risk of being delisted on June 16, after the developer failed to submit its regularisation plan by June 3.

If an appeal against the delisting is submitted to Bursa Securities by June 11, the delisting will be deferred pending the decision on the appeal, the bourse regulator said in a filing on Thursday.

“Any appeal submitted after the appeal timeframe will not be considered by Bursa Securities,” it added.

Meanwhile, Sentoria’s shares will remain suspended.

Its shares have been suspended since April 21, after it was wound up by a court. The counter last closed at half a sen on April 20, valuing the company at RM3.1 million.

An official receiver was appointed as Sentoria’s liquidator on April 8. In a June 3 update on its Practice Note 17 (PN17) status, Sentoria said it has not been notified of the appointed liquidator.

It also noted that it has no regularisation plan in hand and has no internal capacity to appeal against the delisting.

Sentoria has been in financial distress in recent years. The company has been in the red since 2018, despite various changes to its financial year-end.

For its latest three months ended March 31, 2026, Sentoria posted a net loss of RM4.12 million. Net loss stood at RM33.47 million for the 15 months ended March 31, 2026 (15MFY2026).

The company triggered PN17 status back in December 2024, after its shareholders’ equity fell to 33% of its issued and paid-up capital.

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