Sat, 24 Aug 2019, 7:17 PM
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Topic: PN17

Free Malaysia Today:
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PETALING JAYA: The Utusan Malaysia and Kosmo!
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KUALA LUMPUR (Aug 21): RGT Bhd (formerly known as Asia Knight Bhd), which has returned to the black in its financial year 2019 ended June 30 thanks to contribution from its 60%-owned plastic products ...
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KUALA LUMPUR (Aug 20): Utusan Melayu (M) Bhd, whose share price plunged to an all-time low of seven sen today, will be delisted from Bursa Malaysia on Aug 30 as the media company failed to submit its ...
Free Malaysia Today:
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PETALING JAYA: Troubled Malay daily Utusan Malaysia, which is expected to cease publication tomorrow, said it will pay its employees a maximum of RM2,000 each as advance tonight.
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KUALA LUMPUR (Aug 20): Utusan Melayu (M) Bhd's share price fell as much as four sen or 36.36% to seven sen, valuing the company at barely RM8 milion, so far today after the newspaper publisher announc...
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KUALA LUMPUR (Aug 20) Utusan Melayu (M) Bhd's share price fell as much as four sen or 36.36% to seven sen, valuing the company at barely RM8 milion, so far today after the newspaper publisher announce...
Malaysiakini:
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Shares of Utusan Melayu (Malaysia) has been on a steady decline since the local bourse opened today following a filing with Bursa Malaysia yesterday on the company’s inability to submit its regulari...
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PETALING JAYA: The oldest Malay newspaper in the country will be laid to rest tomorrow with the cessation of all its print and online publications.
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KUALA LUMPUR (Aug 19): SME Bank Bhd has filed a RM36.46 million claim against Practice Note 17 (PN17) company Seacera Group Bhd in a dispute arising from loan facilities granted to Seacera’s 20%-own...
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KUALA LUMPUR: The oldest Bahasa Melayu newspaper in the country, Utusan Malaysia, will end operations on Wednesday.
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KUALA LUMPUR (Aug 19): Financially-stressed Utusan Melayu (M) Bhd is facing an uphill task of finding a white knight to salvage the newspaper group, which has total debts of RM139.19 million as at Jun...
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KUALA LUMPUR (Aug 16): Practice Note 17 (PN17) company Maxwell International Bhd is counting on a couple of shoemakers and a shoe shop chain to help with its regularisation plan.
Malay Mail:
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IPOH, August 9 — Employees of Utusan Malaysia Sdn Bhd are set to stage a protest on August 19, after 800 of them were not paid their salaries last month.
Malaysiakini:
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After repeated delays in the payment of their salaries, the employees of Utusan Melayu Bhd are set to picket on Aug 19.
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KUALA LUMPUR (Aug 7): Shares in Practice Note 17 (PN17) company Malaysia Pacific Corp Bhd (MPCorp) rose this morning on resuming trade, after the stock having been suspended for a year.
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KUALA LUMPUR (Aug 6): Practice Note 17 (PN17) company Malaysia Pacific Corp Bhd (MPCorp) will resume the trading of its shares starting tomorrow after the stock has been suspended for a year.
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On July 9, London Biscuits Bhd fell into Practice Note 17 status for non-payment of banking facilities of RM9.83 million, owed to the Bank of Nova Scotia.
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KUALA LUMPUR (Aug 2): Practice Note 17 (PN17) company Daya Materials Bhd said it has defaulted on additional payments to AmBank (M) Bhd amounting to RM392,235, raising its total outstanding debt to RM...
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KUALA LUMPUR (Aug 1): Berjaya Media Bhd’s external auditors have flagged the existence of material uncertainty in its financial statements for the fiscal year ended April 30, 2019 that may cast doub...
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KUALA LUMPUR (July 19): The board of directors of APFT Bhd has initiated a civil suit in the High Court against its former directors for breaches of fiduciary duties during their tenure as directors o...
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KUALA LUMPUR (July 15): China-based shoe manufacturer Multi Sports Holdings Ltd and construction firm Southern Score Sdn Bhd have aborted plans to form a new company (Newco) to take over and assume Mu...
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What now for Barakah?
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KUALA LUMPUR (July 12): Practice Note 17 (PN17)-status company Daya Materials Bhd said it has defaulted on another payment to AmBank (M) Bhd amounting to RM418,796, bringing its total debt to the bank...
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KUALA LUMPUR: The FBM KLCI erased most of the gains in made in the previous session in a sign the domestic market is consolidating ahead of US Federal Reserve chairman Jerome Powell's testimony.
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KUALA LUMPUR (July 10): Shares in debt-laden PN17 firm Barakah Offshore Petroleum Bhd fell 8.33% in active trade this morning after the firm said its unit PBJV Group Sdn Bhd was been notified by natio...
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KUALA LUMPUR (July 9): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (July 10) may include: Aeon Credit Service (M) Bhd, IJM Corp Bhd, YTL Power Int...
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KUALA LUMPUR (July 9): Debt-laden Practice Note 17 (PN17) firm Barakah Offshore Petroleum Bhd said it has been notified by national oil firm Petroliam Nasional Bhd (Petronas) that its unit's licence h...
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KUALA LUMPUR: Bursa Malaysia managed to claw back some gains at the midday break on Tuesday, aided by gains in Maybank and IHH Healthcare amid the weaker key Asian markets.
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KUALA LUMPUR: London Biscuit Bhd tumbled over 35% this morning after it was classified as an affected listed issuer under Practice Note 17 (PN17).
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KUALA LUMPUR: Shares in Barakah Offshore Petroleum Bhd rose 18% on Tuesday after it found a white knight, Singapore’s Lecca Group Ptd Ltd, to revive the company.
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KUALA LUMPUR: Barakah Offshore Petroleum Bhd, TDM Bhd, Mestron Holdings Bhd and London Biscuits are among the stocks to watch on Tuesday, according to JF Apex Research.
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KUALA LUMPUR (July 9): Barakah Offshore Petroleum Bhd surged 36.36% in active trade this morning after it found a white knight in Singapore firm Lecca Group Pte Ltd to aid its financial health.
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KUALA LUMPUR (July 8): Barakah Offshore Petroleum Bhd has found a white knight, Singapore’s Lecca Group Ptd Ltd, to revive its financial health.
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KUALA LUMPUR (July 8): Based on corporate announcements and news flow today, stocks in focus on Tuesday (July 9) may include: Barakah Offshore Petroleum Bhd, TDM Bhd, Mestron Holdings Bhd, London Bisc...
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KUALA LUMPUR (July 8): Practice Note 17 (PN17) firm APFT Bhd said it will be pooling resources with aircraft maintenance academy Malaysian Aviation Training Academy Sdn Bhd (MATA) to form the largest ...
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KUALA LUMPUR (July 5): Practice Note 17 (PN17)-status company Daya Materials Bhd announced today that it has defaulted on additional payments to AmBank (M) Bhd amounting to RM835,483.31, bringing its ...
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KUALA LUMPUR (July 5): Practice Note 17 (PN17) company Seacera Group Bhd has defaulted on another loan, this time to the tune of RM31.82 million owed to Small Medium Enterprise Development Bank Malays...
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KUALA LUMPUR (July 3): Trading volume of Practice Note 17 (PN17) company Sumatec Resources Bhd’s shares spiked to 536.6 million shares today, making it the most active counter on Bursa Malaysia.
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KUALA LUMPUR: Sumatec Resources Bhd surged 250% in early trade Wednesday after its business partner, CaspiOilGas LLP (COG) has successfully defended against claims from creditors at the Supreme Court of the Republic of Kazakhstan.
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KUALA LUMPUR (July 2): PN17 company Sumatec Resources Bhd announced today that it has received a letter from CaspiOilGas LLP (COG), owned by its executive vice chairman Tan Sri Halim Saad, stating COG...
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KUALA LUMPUR (July 2): Utusan Melayu (Malaysia) Bhd has announced the sale of a second apartment unit in Jakarta to help fund its voluntary separation scheme (VSS). The Practice Note 17 (PN17) status ...
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KUALA LUMPUR (July 1): Kushairi Zaidel has stepped down as Kuantan Flour Mills Bhd’s independent and non-executive chairman with effect from today.
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KUALA LUMPUR (July 1): Utusan Melayu (Malaysia) Bhd has announced the sale of a second apartment unit in Jakarta to help fund its voluntary separation scheme (VSS). The Practice Note 17 (PN17) status ...
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KUALA LUMPUR: Seacera Group Bhd shares fall 2.3% after the company received a letter of demand for RM18.3mil.
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KUALA LUMPUR (June 14): Practice Note 17 (PN17) firm Perisai Petroleum Teknologi Bhd said its 51%-owned unit has won a US$20 million (RM83.37 million) drilling contract from Petronas Carigali Sdn Bhd.
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KUALA LUMPUR: Comintel Corp Bhd was down 17% in early trade Friday after its auditor issued a qualified opinion on its financial year ended Jan 31, 2019 (FY19) results.
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KUALA LUMPUR: Seacera Group Bhd posted a net loss of RM102.15mil for the quarter ended March 31, 2019, dragged by impairment of plant, machinery, equipment from the shutdown of its tiles factory of RM23mil, as well as impairment from its subsidiary, SPAZ Sdn Bhd of RM43mil.
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KUALA LUMPUR: MAA Group Bhd (MAAG), which failed to get the nod from shareholders for a proposed privatisation exercise by its major shareholder, will focus on finding a new business to exit its Practice Note 17 (PN17) status.
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KUALA LUMPUR (May 29): Tile manufacturer Seacera Group Bhd is confident of lifting its Practice Note (PN17) status after the newly-appointed board of directors rolls out its regularisation plan in the...
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KUALA LUMPUR (May 29): MAA Group Bhd's controlling shareholder Tunku Datuk Yaacob Khyra states that the group will not up the selective capital repayment (SCR). Minority shareholders of MAA rejected t...
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KUALA LUMPUR (May 24): The High Court has fixed Monday to hear Seacera Group Bhd’s application for a declaration that a notice of extraordinary general meeting filed by a group of shareholders is nu...
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KUALA LUMPUR (May 21): Practice Note (PN17) company Seacera Group Bhd said it has been a served a letter of demand for payment of RM19.28 million by AmBank Islamic Bhd.
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KUALA LUMPUR (May 17): Bursa Malaysia today granted an extension of time for two Practice Note 17 (PN17) status companies, TH Heavy Engineering Bhd (THHE) and MAA Group Bhd, to submit their regularisa...
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KUALA LUMPUR (May 16): YFG Bhd is to be delisted on May 23, after Bursa Securities maintained its decision to reject the PN17 company’s  regularisation plan.
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KUALA LUMPUR (May 15): YFG Bhd has won a RM40 million contract to undertake sewerage and related works for a housing development project in Kuantan.
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KUALA LUMPUR (May 14): YFG Bhd has won a RM40 million contract to undertake sewerage and related works for a housing development project in Kuantan.
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KUALA LUMPUR (May 13): RHB Bank Bhd has declined a request from Daya Materials Bhd's subsidiary Daya Maxflo Sdn Bhd for more time to pay an outstanding sum of RM2.09 million.
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Business news in brief.
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KUALA LUMPUR (May 9): Daya Materials Bhd topped the list of actives this morning after it managed to avert a trading suspension today (May 9) after the Practice Note 17 (PN17) submitted its annual rep...
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KUALA LUMPUR (May 8): Based on corporate announcements and news flow today, stocks in focus on Thursday (May 9) may include the following: Daya Materials Bhd, Pasdec Holdings Bhd, Inta Bina Group Bhd,...
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KUALA LUMPUR (May 8): Daya Materials Bhd has managed to avert suspension to the trading of its shares after it submitted its annual report for the financial year ended Dec 31, 2018 (FY18) to Bursa Sec...
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KUALA LUMPUR (May 4): YFG Bhd has bagged a RM20.84 million contract to undertake mechanical and electrical works for the construction of a 41-storey office suites in Bandar Sunway, Selangor.
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KUALA LUMPUR (May 3): YFG Bhd has bagged a RM20.84 million contract to undertake mechanical and electrical works for the construction of a 41-storey office suites in Bandar Sunway, Selangor.
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KUALA LUMPUR (May 3): YFG Bhd said its engineering unit has terminated an RM127 million contract for the proposed construction of over 600 units of PR1MA homes along with 74 units of shoplots in Kuant...
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KUALA LUMPUR (May 2): YFG Bhd said its engineering unit has terminated an RM127 million contract for the proposed construction of over 600 units of PR1MA homes along with 74 units of shoplots in Kuant...
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KUALA LUMPUR: Practice note 17 (PN17) affected issuer, YFG Bhd said it has terminated a RM127mil contract to build PR1MA homes in Kuantan, Pahang.
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KUALA LUMPUR (April 30): Brahim’s Holdings Bhd announced today it has decided to abort the private placement exercise which was announced in February 2018.
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KUALA LUMPUR: Seacera Group Bhd, which has become a Practice Note 17 company, saw 22.91 million of its shares crossed in an off-market deal on Monday.
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TH Heavy Engineering Bhd (THHE) has sought a third extension from Bursa Malaysia to come up with a regularisation plan to exit its Practice Note 17 (PN17) status.
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KUALA LUMPUR: Seacera Group Bhd shares fell sharply to lower in early trade on Monday after company triggered the Practice Note 17 (PN17).
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KUALA LUMPUR (April 29): Shares in Seacera Group Bhd slumped 22.22% this morning after it was classified as a Practice Note 17 (PN17) company as it has defaulted on the payment of principal and profit...
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KUALA LUMPUR (April 29): The FBM KLCI dipped 0.21% in early trade this morning, dragged by select index-linked blue chips, against the backdrop of mixed regional markets.
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KUALA LUMPUR: Westports Holdings Bhd, Seacera Group Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, LFE Corp Bhd, Gadang Holdings Bhd and DWL Resources Bhd are among the stocks to watch on Monday, according to JF Apex Research.
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KUALA LUMPUR (April 26): Based on corporate announcements and news flow today, stocks in focus for Monday (April 29) may include the following: AirAsia Group Bhd, Westports Holdings Bhd, Seacera Group...
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KUALA LUMPUR (April 26): Seacera Group Bhd has been classified as a Practice Note 17 (PN17) company as it has defaulted on the payment of principal and profits to AmBank Islamic Bhd and not being able...
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Seacera says has become PN17 co after defaulting on principal, profit payment to AmBank Islamic
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MQ Technology Bhd, a Penang-based manufacturer of tools and jigs for hard disk drives, saw a total of 91 million shares, or a 15.22% stake, cross off market on April 3 and 4.
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KUALA LUMPUR (April 16): Main Market-listed Brahim's Holdings Bhd is aiming to double the revenue contribution from its non-airline catering services in the next three to five years.
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Notable filings BETWEEN March 11 and 15, notable shareholding changes in companies listed on Bursa Malaysia included those at APFT Bhd, a beleaguered flight education and training academy operator cla...
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KUALA LUMPUR (March 29): Comintel Corp Bhd (Comintel Corp), which was classified as a Practice Note 17 company on Thursday, announced today that its fourth quarter financial results have been delayed,...
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KUALA LUMPUR: Utusan Melayu (Malaysia) Berhad and Industrial chemicals distributor Nylex (Malaysia) Bhd are working towards the possibility of settling their legal dispute amicably.
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KUALA LUMPUR (March 18): Practice Note 17 (PN17) company YFG Bhd has secured a RM33.86 million subcontract to provide electrical works for the Light Rail Transit Line 3 (LRT3) project.
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PETALING JAYA: Berjaya Media Bhd, the publisher of theSun newspaper, recorded a wider net loss of RM7.96mil in the third quarter of financial year of 2019 (3Q19), due to lower revenue and a RM5.91mil compensation that is expected to be paid for legal suits.
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KUALA LUMPUR (March 11): Based on corporate announcements and news flow today, companies that may be in focus on Tuesday (March 12) may include the following: AirAsia Group Bhd, Alam Maritim Bhd, APFT...
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KUALA LUMPUR (March 11): Amtek Holdings Bhd fell as much as 18.92% on Monday's morning session as the company faces being delisted from Bursa Malaysia on March 29 after the regulator rejected the grou...
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KUALA LUMPUR: Shares of Amtek Holdings Bhd tumbled 18% on Monday as the company faces delisting risk by end of the month.
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KUALA LUMPUR (March 8): Practice Note 17 (PN17) company Daya Materials Bhd has been granted an extension by Bursa Malaysia up till Aug 27 to submit a regularisation plan to the authorities.
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KUALA LUMPUR (March 8): Amtek Holdings Bhd may be delisted from Bursa Malaysia by the end of the month, after the regulator rejected the group’s application for more time to submit its regularisatio...
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KUALA LUMPUR (March 6): Brahim's Holdings Bhd, which recently was classified as a Practice Note 17 (PN17) company, surged 31.82% in active trade on revealing after it was planning to exit this status ...
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KUALA LUMPUR: Brahim’s Holding Bhd surged 45% in early trade following reports that the group is gearing up to exit Practice Note 17 (PN17) as soon as possible.
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KUALA LUMPUR: Catering services provider Brahim’s Holdings Bhd is determined to exit the Practice Note 17 (PN17) status within one year.
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KUALA LUMPUR (March 5): Based on corporate announcements and news flow today, stocks in focus for Wednesday (March 6) may include the following: Daibochi Bhd, Scientex Bhd, Brahim's Holdings Bhd, Mala...
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KUALA LUMPUR (March 5): Main market-listed Brahim's Holdings Bhd, which recently was classified as a Practice Note 17 (PN17) company, is planning to exit this status as soon as possible.
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KUALA LUMPUR: Brahim’s Holdings Bhd (BHB) shares fell sharply to an all-time low on Friday after company triggered the Practice Note 17 (PN17).
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KUALA LUMPUR (March 1): Shares in MAA Group Bhd extended their gains this morning, and rose to a 14-year high after its major shareholder proposed to take the company private.
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KUALA LUMPUR (March 1): Brahim’s Holdings Bhd (BHB) shares tumbled 61% this morning after it lapsed into Practice Note 17 (PN17) status, after its shareholder equity fell below the 25% threshold.
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KUALA LUMPUR: Daya Materials Bhd shares have taken a hit, falling as much as 50% in early trade Friday after reporting a net loss for FY18 and concerns on its debt restructuring exercise.
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PETALING JAYA: The clock is ticking for oil and gas services firm Daya Materials Bhd to finalise its debt restructuring exercise, said PublicInvest Research.
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KUALA LUMPUR (Feb 28): Based on the corporate announcements and newsflow today, companies in focus tomorrow (March 1) could include Yinson Holdings Bhd, Brahim’s Holdings Bhd, TRC Synergy Bhd, Sime ...
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KUALA LUMPUR (Feb 28): Main Market-listed Brahim’s Holdings Bhd (BHB) has lapsed into Practice Note 17 (PN17) status, after its shareholder equity fell below the 25% threshold.