Smile-Link Healthcare reprimanded for Leap Market listing breach
The stock exchange said Smile-Link Healthcare failed to announce its audited financial statements (AFS 2024) including the auditors' and directors' reports for the 18-month financial period ending June 30, 2024, by the deadline of Oct 31, 2024.
"Smile-Link only released the AFS 2024 on April 31, 2025, resulting in a six-month delay," it said in a statement.
Bursa said the delay was primarily due to unresolved issues and disputes with the company's external auditors, which eventually led to their removal on Jan 20, 2025.
However, it said the delay was unjustified, stressing that all listed companies are expected to fulfil their recurring regulatory obligation to announce financial statements on time.
"Bursa Malaysia views the breach seriously as timely submission of financial statements is a fundamental obligation of listed companies and is of paramount importance in ensuring an orderly and fair market for securities traded.
"Bursa Malaysia has also reminded Smile-Link and its board of directors of their responsibilities to maintain the appropriate standards of corporate responsibility and accountability to its shareholders and the investing public," it said.
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