PLANTATION and property group PPB Group Bhd's (4065) fourth quarter results announcement will be delayed, as it waits for 18.4 per cent owned Singapore-based Wilmar International Ltd to announce its results.
On February 12, Wilmar told the Singapore Exchange it will announce its full-year results on March 1. No reason was given for the delay.
According to Bursa Malaysia Bhd's listing requirements, PPB is required to furnish its quarterly report for the fourth quarter ended December 31 2009 to the regulator by February 25.
The group however, told Bursa Malaysia yesterday, it will not be able to meet the timeline, due to Wilmar's material contribution to PPB's financial results.
PPB targets to release its fourth quarterly report to Bursa Malaysia on March 2, the day after Wilmar's announcement to the Singapore Exchange.
Should the group fail to announce its results by March 8, trading of its shares will be suspended.
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Monday, 22 February 2010
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