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Kuala Lumpur, 14 February 2020 – Bursa Malaysia Securities Berhad (“Bursa Securities”) has decided to uplift the designated securities status on Icon Offshore Berhad (“ICON”) with effect from 9:00 a.m., Monday, 17 February 2020.
The securities of ICON will be traded as normal on a ready basis where delivery and settlement of trades will be conducted in accordance with the T+2 settlement cycle.
Investors are advised that their investment decisions should be made on an informed basis, including an assessment of the fundamentals of the company.
Bursa Securities will continue to monitor the trading activities of the securities in ICON and will not hesitate to take the necessary regulatory action if there is excessive speculation in the trading of such securities post upliftment.