Carzo Facing Suspension And Possible De-Listing
Carzo Holdings Bhd is facing suspension and possible removal from Bursa Malaysia’s LEAP Market after failing to comply with listing requirements to acquire a new core business within the prescribed timeframe.
Bursa Malaysia Securities Berhad announced that trading in Carzo’s securities will be suspended effective 10 October 2025, with the company set to be de-listed on 15 October 2025 unless an appeal is lodged by 9 October 2025.
Carzo’s securities currently deposited with Bursa Malaysia Depository will be withdrawn upon de-listing. The company will maintain its shareholders’ register and continue to operate as an unlisted entity.
The company has struggled to establish a new core business since its listing, has not yet indicated whether it intends to appeal the de-listing decision.
