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after delist, you will no longer able to trade your share in Bursa. You are still shareholder in the company, but will face difficulties to find someone to buy your share.
Some investors like to buy rubbish papers. Rubbish it may be after delisted but if the company is still in operation and turn profitable... you may receive a lawyer letter with an offer to acquire your shares with some value higher than the time you bought it at “karang guni” price. Chances are low but possible. A person I know, he’d invested in a counter but unfortunately delisted. After years, the company turn around with profits & dividends, the directors attempted to acquire back as much as possible.