Landmarks Warns of Bursa Suspension or Delisting Over Insignificant Operations

Landmarks Bhd faces potential trading suspension or delisting from Bursa Securities for insignificant business or operations under Listing Requirements Paragraph 8.03A(2)(b), according to The future of trading. The company submitted written representations on October 9, 2026 arguing against both measures, it said in its November 3, 2026, announcement.

Landmarks' Representations to Bursa Securities

Landmarks is a publicly listed Malaysian investment holding company operating integrated resorts, wellness destinations and township development across Southeast Asia, anchored by Treasure Bay Bintan, The Andaman Langkawi and the V Integrated Wellness brand, according to akta.pro company records. The company was founded in 1989 and is headquartered in Kuala Lumpur.

The delisting risk sits with Bursa Malaysia, the exchange operator that administers the listing requirements. Bursa Malaysia's nine-month profit after tax, zakat and minority interest rose 14% year-over-year to RM 214.8 million, The future of trading reported, with operating revenue climbing 20% to RM 620.8 million on higher securities and derivatives trading activity and listing fees.

Landmarks' written representations were submitted on October 9, 2026, and the company's announcement disclosing them is dated November 3, 2026. The representations argued against both a trading suspension and a delisting.

Landmarks' Resort Portfolio at Treasure Bay Bintan

Landmarks' development activity centres on Treasure Bay Bintan, a 338-hectare project area, according to akta.pro company records. The site includes the Crystal Lagoon, described as South-East Asia's first and largest recreational sea-water lagoon at 6.3 hectares, and Chill Cove, which spans over 90 hectares.

Landmarks partnered with Chiva-Som in October 2018 to develop Chiva-Som Bintan, comprising a 71-room wellness hotel, 34 luxury villas and a wellness center designed by Jean-Michel Gathy of Denniston. In 2021 the company rebranded The Canopi Bintan as Natra Bintan under Marriott International's Tribute Portfolio collection brand.

Alset and Cyprus Exchange Listing Actions

Nasdaq notified Alset on October 28, 2026, that its stock closed below $1.00 for 30 consecutive days, failing Rule 5550(a)(2), TradingView reported. Alset has until April 26, 2027, to regain compliance.

The Cyprus Stock Exchange extended trading suspensions for Rianeson Investments and G.A.P. Vassilopoulos until December 28, 2026, citing unresolved financial reporting obligations, Cyprus Mail reported. Avenique Limited's equity trading resumes on BSE from November 5, 2026, after the exchange revoked its suspension, ScanX reported.

Avenique's November 5 Trading Resumption

Avenique's shares will trade in the XT group and participate in a Special Pre-open Session on resumption day, ScanX reported. Landmarks' November 3, 2026, announcement sets out its representations against suspension and delisting, with no date given for a decision.