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Application for extension of time to comply with Paragraph 8.14C and Practice Note no. 17/2005 of Bursa Malaysia Securities Berhad's Lisiting Requirements

BackJun 26, 2009

General Announcement

Reference No CS-090626-92ED9

Company Name	:	AKN TECHNOLOGY BHD
Stock Name	:	AKN
Date Announced	:	26/06/2009

Type

Announcement

Subject

AKN Technology Bhd ("AKN" or "the Company")
Application for extension of time to comply with Paragraph 8.14C and Practice Note no. 17/2005 of Bursa Malaysia Securities Berhad’s Lisiting Requirements

Contents

Reference made to the Company’s announcement dated 1 June 2009 (Reference No. CS-090601-4F3E9) whereby the Company announced that it had on even date made an application to Bursa Malaysia Securities Berhad ("Bursa Securities") to seek waiver for the submission of the Regularisation Plan and for an extension of time to 31 October 2009 to address the disclaimer opinion addressed by its auditors on its annual audited accounts for the financial period ended 30 June 2009 in order to coincide with the released of its annual audited accounts for the financial year ended 30 June 2009 pursuant to the Listing Requirements of Bursa Securities ("Application").

Further to the above, the Company wishes to announce that Bursa Securities had vide its letter dated 26 June 2006, rejected the Application.

Given the above, the Company is required to submit its Regularisation Plan to the relevant authorities within 8 months from its First Announcement, i.e. on or before 13 July 2009. Failing which, a suspension shall be imposed on the trading of the listed securities of the Company and de-listing procedures shall be commenced against the Company in accordance with Paragraph 8.14C(4) of the Bursa Securities’ Listing Requirements.

This announcement is dated 26 June 2009.