Sample Stories for Troubled Company Reporter - Asia Pacific

Halifax Capital Bhd submitted on June 13, 2007, its regularization plans to the Securities Commission for approval, the company informed the Bursa Malaysia Securities Bhd.

With the submission, Bursa Malaysia decided to await the outcome of the company's submission and deferred the suspension of the company's securities.

On June 12, 2007, the Troubled Company Reporter - Asia Pacific reported that the Bursa Securities has commenced delisting procedures against Halifax after it failed to comply with the extended timeframe to submit its regularization plan to the Securities Commission and other relevant authorities for approval by June 6, 2007.

Headquartered in Kuala Lumpur, Malaysia, Halifax Capital Berhad -- fka Setron (Malaysia) Berhad -- is principally engaged investment holding, and assembly and sale of electrical and electronic products. Setron Sales & Service (M) Sdn. Bhd., the Company's wholly owned subsidiary, is engaged in the distribution of electrical and electronic products.

The company is considered an affected listed issuer under the Bursa Malaysia Securities Berhad's Practice Note 17 category because its shareholders' equity on consolidated basis is less than 25% of the issued and paid-up share capital.