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China-based firms again in the spotlight

China-based firms again in the spotlight

KUALA LUMPUR: Some Malaysian-listed Chinese companies -- or M-chips as some have termed them -- are in danger of being kicked out of Bursa Malaysia soon as they repeatedly fail to meet listing requirements, like the one as basic as producing audited accounts for public perusal.

Last Monday, Bursa issued a show-cause letter to Multi Sports Holdings Ltd, demanding that the company, listed here in August 2009, explain by July 10 why it should not be delisted after failing to produce its audited accounts despite having been given more time.

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