Bursa Malaysia Pn17

Top 58 Practice Note 17 Latest News Alerts.

Kenmark's appointed advisor is still working on the regularisation plan - (8 Sep 2010)

Kenmark Industrial Co (M) Bhd said that the appointed advisor, Ferrier Hodgson MH Sdn Bhd is still in the midst of formulating the regularisation plan to regularise its financial condition.

Briefly - (8 Sep 2010)

Wednesday September 8, 2010. Briefly. Petra Energy objects UPOICâs application. Petra Energy Bhd said that in its arbitration proceedings by United Palm Oil Industry Public Co Ltd (UPOIC) the latter had sought to amend their Points of Claim and to increase their claim for damages and penalty from US$11.2business.

Rise in PN17 firms not a worry: Yusli - (3 Sep 2010)

A jump in the number of financially troubled companies this year is not alarming because the country is coming out of an economic slowdown, says Bursa Malaysia Bhd's chief.

As at yesterday,

Swee Joo plunges over 50% on failure to provide solvency plan - (2 Sep 2010)

KUCHING: Shipping firm Swee Joo Bhd, classified a PN17 company after it failed to provide a solvency declaration, succumbed to heavy selling pressure yesterday.

Swee Joo, Mithril placed under PN17 - (2 Sep 2010)

Swee Joo Bhd and Mithril Bhd have triggered the criteria pursuant to Practice Note No. 17 (PN17) of the Main Market Listing Requirements of Bursa Malaysia Securities.

Swee Joo had announced on

Oilcorp losses up in Q2 - (1 Sep 2010)

PETALING JAYA: Financially-troubled Oilcorp Bhd incurred a net loss of RM12.2mil for the second quarter ended June 30 against a net loss of RM1.5mil in the same quarter last year.

Number of PN17 firms up this year - (1 Sep 2010)

The number of public-listed companies falling under Bursa Malaysia's Practice Note 17/2005 (PN17) classification has increased this year.

As at August 25, there were 34 companies under PN17,

The position that counts - (28 Aug 2010)

WHILE Fraser & Neave Holdings Bhdâs plan to take up a 23% stake in Cocoaland Holdings Bhd has drawn attention because itâs the latest in a series of share acquisitions involving listed food players, thereâs another aspect of the F&N-Cocoaland deal that deserves some discussion as well.

PETALING JAYA: Bursa Malaysia Securities Bhd said… - (26 Aug 2010)

PETALING JAYA: Bursa Malaysia Securities Bhd said Metech Group Bhd has triggered the criteria pursuant to Practice Note No 17 (PN17) of the Main Market Listing Requirements of Bursa Securities.

Deep fry - (21 Aug 2010)

Shireen Muhiudeen talks about how the Financial Reporting Standard 139 can benefit investors.

via mixed property project - (20 Aug 2010)

KUCHING: Ibraco Bhd has announced a proposed regularisation plan to exit the PN17 status that involves embarking on its biggest ever single mixed property development project here.

WWE seeks time extension - (18 Aug 2010)

PETALING JAYA: WWE Holdings Bhd has submitted an application letter to Bursa Malaysia Securities Bhd seeking for a time extension to regularise its financial condition, it said in a filing with the stock exchange yesterday.

Corporate defaults still manageable - (14 Aug 2010)

PETALING JAYA: The number of corporate defaults in the country is still manageable with banks helping to shoulder the burden of restructuring their clientsâ debt.

WWE to be delisted on Aug 25 - (14 Aug 2010)

PETALING JAYA: The securities of wastewater engineering solutions provider WWE Holdings Bhd, an amended PN17 company, will be delisted on Aug 25.

Baswell provides more info on defaults - (12 Aug 2010)

PETALING JAYA: Baswell Resources Bhd has provided additional information on its defaulted loans of two of its subsidiariesamounting to RM340,137.

announcement - (11 Aug 2010)

PETALING JAYA: Shares of Baswell Reosurces Bhd was down 4sen or 21% yesterday to close at 15sen per share after it was declared a PN17 company on Monday.

firm - (10 Aug 2010)

KUALA LUMPUR: Baswell Resources Bhd has been declared a PN17 company after a proposed memorandum of understanding for a Middle East job was cancelled, it failed to meet credit payments and it ceased all of its furniture making businesses yesterday.

status next year - (5 Aug 2010)

KUCHING: Ibraco Bhd, which has seen the emergence of two new substantial shareholders, expects to exit the PN17 status after March next year.

Retail investors chase penny stocks - (24 Jul 2010)

Retail investors are flocking back to the market, boosting interest in penny stocks, said brokers and analysts.

Penny stocks are quoted securities, trading below the RM1.00 mark. They are se

Linear distances itself from Rajendramâs action - (23 Jul 2010)

PETALING JAYA: Linear Corp Bhd said it had no knowledge of lawyer Datuk N. Sivananthanâs purported appointment and did not approve his actions in purportedly acting for Linearâs wholly-owned units Imus (Asia) Ltd and LCI Global Sdn Bhd.

UEM sets ambitious target of RM30bil revenue by 2015 - (23 Jul 2010)

KUALA LUMPUR: UEM Group Bhd is targeting to achieve RM30bil in revenue and RM3bil in net profit within the next five years by growing its four core businesses.

Ho Hup shares on uptrend after purchase plan - (21 Jul 2010)

PETALING JAYA: Shares of Ho Hup Construction Co Bhd continued to rise yesterday after it revealed last week plans to buy two companies, part of a strategy to revive its business.

Ho Hup seeks more time to submit plan - (20 Jul 2010)

HO Hup Construction Co Bhd, a PN17 company, has applied to Bursa Malaysia Securities Bhd for a further extension of six months, up to February 4 next year, to submit its regularisation plan to the r

Will we ever learn from rough seas and sunk costs? - (17 Jul 2010)

Errol Oh feels noble policies should not end up as expensive flops.

Ho Hup to buy two companies - (17 Jul 2010)

PETALING JAYA: Ho Hup Construction Co Bhdâs board of directors has announced a plan to buy two companies, which it says is part of a plan to revive the ailing builder.

Nikko Electronics to be de-listed - (16 Jul 2010)

PETALING JAYA: The securities of Nikko Electronics Bhd, an amended PN17 company, will be de-listed and removed from the official list of Bursa Malaysia on July 27.

company? Do you sell or buy its shares. - (14 Jul 2010)

LATELY, a few companies defaulted in loan repayments and are now classified as PN17 companies. PN17 stands for Practice Note 17/2005 and is issued by Bursa Malaysia.

status - (14 Jul 2010)

KUALA LUMPUR: There are now 45 companies listed on Bursa Malaysia that are classified under PN17 (Practice Note 17) or financially-troubled companies, Deputy Finance Minister Datuk Donald Lim Siang Chai said in Dewan Rakyat yesterday.

Axis settles RM1.85mil owed by Singapore subsidiary - (13 Jul 2010)

PETALING JAYA: Ailing garment manufacturer Axis Inc Bhd has settled the outstanding facilities of S$800,000 (RM1.85mil) owed by its wholly-owned subsidiary GBC Marketing Pte Ltd to the Bank of East Asia Ltd, the company said in its filing with Bursa Malaysia yesterday.

KL bourse on course for further recovery - (12 Jul 2010)

An upward revision in global growth forecasts by the International Monetary Fund, a drop in US weekly jobless claims and stronger-than-expected retail sales helped fuel a rally in the New York Stock E

Awaiting right suitor for Transmile - (12 Jul 2010)

"We want to sell if we can sell. But because it is a PN17 (Practice Note 17) company and we have a 15 per cent block, we need somebody who can come in and pump new business into Transmile and make s

Wonderful Wire to be de-listed - (10 Jul 2010)

PETALING JAYA: Bursa Malaysia Securities Bhd says the securities of Wonderful Wire & Cable Bhd, an amended PN17 firm, will be de-listed and removed from the official list of Bursa Securities on Tuesday. Â Â Â Â Â Â Â It said in a statement that the de-listing was in accordance with the decision of Bursa Securities announc

Corporate debt payment defaults rising - (8 Jul 2010)

PETALING JAYA: Corporate defaults have been in the news more often lately with one of the latest defaulters being Carotech Bhd.

Haisan sets out to solve debt woes - (5 Jul 2010)

PETALING JAYA: Most companies tend to face cashflow problems at some stage of their business or while expanding but they often manage to ride out their financial woes. But when funds are insufficient to service loans from financial institutions â as in the case of Haisan Resources Bhd â it could pose a major problem fo

Working out a solution - (3 Jul 2010)

LIMAHSOON Bhdâs new chairman, Paul Lim Pang Kiam, makes do with a light breakfast just before meeting StarBizWeek at a kopitiam in Bangsar, but it is nevertheless clear that his plate is full as far as his professional life in concerned.

Famous past scandals - (3 Jul 2010)

IN what seems like a recent flurry of cases involving corporate misdeeds, the fact remains that the Malaysia market is still perceived as one which lacks enforcement against white collar crooks. The situation was even more worrisome in the past. In the mid-1990s, before the 1997 financial crisis, Idris Hydraulic (M) Bh

company - (3 Jul 2010)

PETALING JAYA: Ngiu Kee Corp (M) Bhd has been categorised as a Practice Note No 17 (PN17) company, according to Bursa Malaysia Securities.

Kenmark special audit findings by 3 months - (2 Jul 2010)

KUALA LUMPUR: Chartered accounting firm UHY Malaysia, which has been chosen to perform a special audit on Kenmark Industrial Co (M) Bhdâs accounts, expects its findings on the company to be completed within three months.

Tracoma makes PwC adviser - (2 Jul 2010)

KUALA LUMPUR: Tracoma Holdings Bhd has appointed PricewaterhouseCoopers Advisory Services Sdn Bhd its financial adviser to assist in formulating and evaluating a proposed regularisation plan.

Kenmark weighs financial options - (2 Jul 2010)

KENMARK Industrial Co (M) Bhd, a Practice Note 17 (PN17) status company, said it is still exploring various options to regularise its financial condition.

It had on June 29 appointed Ferrier

criterion - (2 Jul 2010)

PETALING JAYA: Haisan Resources Bhd has triggered another PN17 criterion due to its RM42.9mil loan default.

Auditor to complete Kenmark probe by end-Aug - (2 Jul 2010)

UHY Chartered Accountants, the special auditor appointed to look into the accounts of financially-troubled furniture maker Kenmark Industrial Co (M) Bhd, expects to complete its investigation by the e

firm, says exec director - (2 Jul 2010)

KUALA LUMPUR: Sinotop Holdings Bhd has never been labelled as a PN17 company and the conditional waiver from being categorised as an Affected Listed Issuer under PN17 is just a phase before the completion of its corporate exercise, according to executive director for corporate and legal Jackson Ho.

UHY to finish Kenmark audit probe in 3 mths - (1 Jul 2010)

UHY, a top-ranking international audit, tax and corporate advisory practice, hopes to complete the audit investigation on Kenmark Industrial Co (M) Bhd in two to three months.

UHY senior

LCL sees white knight as best rescue option - (1 Jul 2010)

"We are exploring opportunities that will benefit shareholders of the company. We are also looking at other options available, but a white knight is the best option," chairman Datuk Low Chin Meng sai

Nam Fatt defaults on interest - (1 Jul 2010)

PETALING JAYA: Construction company Nam Fatt Corp Bhd defaulted on an interest payment due yesterday as it did not have sufficient funds to make the payment.

Linear: Ex-director transferred fund twice - (30 Jun 2010)

GEORGE TOWN: Linear Corp Bhd former director Alan Rajendram has transferred the groupâs RM36mil cash reserve twice to Global Investment Group Inc (GIG) of Seychelles, according to Linear Corp executive director Mervin Nevis.

Ho Hup actively looking for new CEO - (29 Jun 2010)

KUALA LUMPUR: Ho Hup Construction Co Bhd is actively looking for a new chief executive officer that âcan sail through with the company to derive back its businessâ, said chairman Tan Sri Kamaruzzaman Shariff.

Gula Perak plans to sell hotels to settle debts - (29 Jun 2010)

PETALING JAYA: Gula Perak Bhd said has proposed to sell two hotels to Hong Kong-based Time Glory Investment Ltd for a combined value of RM193.9mil to pay off outstanding debts, the PN17 affected issuer told Bursa Malaysia yesterday.

Linear directors may have a lot of explaining to do at tomorrowâs AGM - (28 Jun 2010)

PETALING JAYA: The directors of Linear Corp Bhd may have a lot of explaining to do on the status of the company as they meet shareholders at its AGM tomorrow.

What lies ahead this week in M'sian and global market? - (28 Jun 2010)

WORRIES about a fragile state of the global economy will keep investors on their toes this week as the market heads towards the end of a torrid first half of the year and starts an unpredictable second half.

Linear now under PN17 - (25 Jun 2010)

LINEAR Corp Bhd is now under the Practice Note 17 (PN17) of the main market listing requirements of Bursa Malaysia Securities Bhd.

The company has triggered criteria 2.1 (f) of PN17 as defaul

Linear's board set to face tough AGM next week - (25 Jun 2010)

THE board of directors of Linear Corp Bhd (9504) can expect some harsh questioning next week

Kenmark workers in a quandary - (25 Jun 2010)

MORE than 400 workers of Kenmark Industrial Co (M) Bhd are in a quandary as they have no work to do and are worried about not being paid salaries at the end of the month.

However, the Malays

Ekuinas should be different from other funds - (24 Jun 2010)

ONE thing you can say about Malaysia is that there is no shortage of government-backed institutions that have the money to invest in the stock market.

Linear Corp under PN17 - (24 Jun 2010)

Linear Corp Bhd has triggered the criteria pursuant to Practice Note No. 17 (PN17) of the Main Market listing requirements of Bursa Securities.

In a statement today, Bursa Malaysia said

Time Eng confident of growing revenue by 15pc - (23 Jun 2010)

INFORMATION technology (IT) infrastructure service provider Time Engineering Bhd (4456) is c

Probing corporate Malaysia - (19 Jun 2010)

BIG or small, profitable or loss-making, voluntarily or otherwise, with or without warning signs â many businesses here have called in forensic accountants to ascertain if there had been wrongdoings, and if so, to compile evidence.