Page 31 - Practice Note News Today

The airline was branded a 'Practice Note 17', or PN17, company by Bursa Malaysia Securities, a tag given to financially distressed firms. 

AirAsia Group Bhd, whose share price fell by as much as 26.17% on Friday after the low-cost carrier was classified as a Practice Note 17 (PN17) company following its failure to secure an extension of relief period from the bourse, is now in the midst of formulating a plan to regularise its financial condition, its group chief executive officer Tan Sri Tony Fernandes said. The airline had triggered the PN17 criteria in July 2020 after its external auditors Ernst & Young PLT issued an unqualif...

Malaysian budget airline AirAsia Group Bhd said on Friday it was working on a plan to regularize its financial condition after being classified as a PN17 firm by Malaysias stock exchange.... | January 14, 2022

KUALA LUMPUR: AirAsia Group Bhd’s application to extend the relief period from being classified as a Practice Note 17 (PN17) company has been dismissed.

Based on corporate announcements and news flow on Thursday (Jan 13), companies that will be in focus on Friday (Jan 14) may include AirAsia Group Bhd, Jerasia Capital Bhd, Asia Poly Holdings Bhd, Scomi Group Bhd, Pestech International Bhd, Boustead Holdings Bhd, Pegasus Heights Bhd, Heng Huat Resources Group Bhd, and Tomei Consolidated Bhd.

KUALA LUMPUR, Jan 13— AirAsia Group Bhd has announced that Bursa Malaysia’s Practice Note 17 (PN17) relief measures resulting in the group’s triggering suspended criteria but not classified as a PN17 listed issuer. It said the group continued to trigger the prescribed criteria of the Main...

AirAsia Group Bhd has failed in its bid to secure an extension of the relief period from being classified as a Practice Note 17 (PN17) company. The low-cost carrier is thus deemed a PN17 company now.

Trading of oil and gas (O&G) engineering company Serba Dinamik Holdings Bhd’s securities on Bursa Malaysia Securities Bhd will remain suspended until further notice, according to a listing circular by Bursa Malaysia to Serba Dinamik on Monday (Jan 10).

KUALA LUMPUR (Jan 6): Serba Dinamik Holdings Bhd said it is now classified as a Practice Note 17 (PN17) company, after its external auditor expressed a disclaimer of opinion on its audited financial statements for the 18-month financial period ended June 30, 2021.

On 17 December 2021, The Stock Exchange of Hong Kong Limited (Exchange) announced new rules to create a listing regime for special purpose…