LYC Healthcare Bhd has bought time. The ACE Market company filed its appeal ahead of the Oct 26 deadline, pushing back the LYC Healthcare delisting that was due on Oct 29. The delisting is paused, not cancelled, and a trading suspension is still on the table.
Why Is the LYC Healthcare Delisting Deferred?
The appeal was lodged in a bourse filing on Tuesday, before the Oct 26 deadline. LYC Healthcare securities are still expected to be suspended from Oct 27.
The company said it remains committed to regularising its financial position and preserving its listing status.
What Triggered the LYC Healthcare Delisting Notice?
The delisting was announced on Monday, after UOB Kay Hian (M) Sdn Bhd withdrew as sponsor for LYC’s proposed GN3 regularisation plan. UOB Kay Hian informed the company of its decision last Friday and did not disclose a reason.
LYC is seeking a replacement sponsor. GN3 applies to financially distressed ACE Market companies, similar to the PN17 classification for Main Market companies.
How Deep Is LYC Healthcare’s Financial Hole?
External auditor SBY Partners PLT issued an unqualified opinion with material uncertainties on the financial statements for the year ended March 31, 2026 (FY2026). The auditor flagged doubt over LYC’s ability to continue as a going concern.
- Net loss: RM12.69 million
- Net current liabilities: RM72.15 million
- Shareholders’ deficit: RM10.62 million
LYC was classified as a GN3 company in March 2025, after its shareholders’ equity fell below 25% of its issued share capital.
When Is LYC Healthcare’s Next Deadline?
LYC secured a six-month extension earlier this year and has until the end of November to submit its plan. Finding a replacement sponsor is the immediate hurdle.
Has LYC Healthcare Been Suspended Before?
Yes. Trading in LYC shares was suspended on Aug 10 after the group missed the deadline to issue its annual report. The suspension was lifted on Aug 28.
What Is LYC Healthcare Worth on Bursa Today?
LYC shares closed down one sen, or 66.67%, at half a sen on Tuesday. That gave the group a market capitalisation of RM2.77 million.
Investors tracking GN3 names can cross-check company filings using AI Stock Analysis for Malaysians.
Key Takeaways
- The LYC Healthcare delisting is deferred by an appeal filed before the Oct 26 deadline, but the Oct 29 delisting is staved off only for now.
- Trading in LYC shares is still expected to be suspended from Oct 27.
- UOB Kay Hian withdrew as GN3 sponsor, and LYC is seeking a replacement.
- FY2026 figures show a RM12.69 million net loss, RM72.15 million net current liabilities and a RM10.62 million shareholders’ deficit.
- The GN3 regularisation plan is due by the end of November, and the stock’s market capitalisation stood at RM2.77 million.
This article is for information only and does not constitute investment advice. Do your own research and consider your risk tolerance before making any decision on LYC Healthcare or any Bursa-listed stock.
Frequently Asked Questions
Is LYC Healthcare being delisted from Bursa Malaysia?
Not yet. LYC lodged an appeal ahead of the Oct 26 deadline, which staves off the delisting slated for Oct 29, but trading suspension from Oct 27 is still expected.
Why did UOB Kay Hian withdraw from LYC Healthcare?
UOB Kay Hian (M) Sdn Bhd withdrew as sponsor for LYC’s GN3 regularisation plan and did not disclose a reason. LYC said it is seeking a replacement sponsor.
What was LYC Healthcare’s net loss for FY2026?
LYC recorded a net loss of RM12.69 million for the financial year ended March 31, 2026. Its shareholders’ deficit stood at RM10.62 million.
What is LYC Healthcare’s market capitalisation?
LYC shares closed at half a sen on Tuesday, giving the group a market capitalisation of RM2.77 million.
Source: View Original Article — The content is based on the original publisher. Refer to the original content for accurate info. Contact us for any changes.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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