Affected Issuer Status:

The company triggered Paragraph 8.03A(2)(a)(bb) of the MMLR, which indicates it's under financial distress or has failed to maintain a sufficient level of operations.

Extension Request Rejected:

Pertama Digital applied for a 12-month extension (on February 7, 2025) to finalize and submit its regularization plan.

Bursa Malaysia rejected this request on March 7, 2025, citing insufficient progress.

Representation Submitted:

Bursa Malaysia issued a notice to Pertama Digital requiring them to make a written representation with evidence by March 14, 2025, explaining why their securities should not be delisted.

Pertama submitted this representation on the due date, and it is currently under review.

Next Steps:

The company is working with advisors to develop a comprehensive regularization plan to resolve its financial or operational issues.

Pertama Digital has committed to keeping stakeholders updated about further developments.

Implications for Investors
Risk of Delisting:

If Bursa Malaysia finds the company’s representation unsatisfactory, Pertama Digital's shares may be removed from the stock exchange, impacting investors' ability to trade the stock.

Ongoing Updates:

The company’s commitment to resolving its status and providing updates is a positive sign, but investors should monitor these developments closely.

Regulatory Scrutiny:

Bursa Malaysia’s rejection of the extension indicates heightened scrutiny and urgency for compliance with listing requirements.