BFL Asset Finvest has withdrawn its application for a Rights Issue, citing delays in receiving regulatory approval.

The company's Rights Issue Committee approved this move, which impacts its immediate capital raising strategy.

For shareholders, this means no new shares will be issued through this specific rights offering for now.

However, the company retains the option to re-apply for a fresh Rights Issue in the future, subject to market conditions and business needs.

This keeps open the potential for future capital infusion.