Bursa grants six-month time extension to IWCity to submit regularisation plan

Bursa has the right to proceed to suspend the trading of the listed securities of IWCity and to de-list the company if IWCity fails to submit the regularisation plan before Sept 24, fails to obtain approval from any of the regulatory authorities necessary for the implementation of its regularisation plan or fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.