PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT
Please refer to the earlier announcement reference number: GA1-23022018-00100
|G NEPTUNE BERHAD|
|Subject||PRACTICE NOTE 17 / GUIDANCE NOTE 3
G NEPTUNE BERHAD ("GNB" or "the Company")
Further to the earlier announcements made by the Company on 30 November 2017, 28 December 2017 and 29 January 2018 in compliance with Rule 4.1(a) of Guidance Note 3 ("GN3") of the ACE Market Listing Requirements ("ACE LR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), and in compliance with Rule 4.1(b) of GN3 of the ACE LR, the Board of Directors of G Neptune Berhad wishes to inform that the Company is still looking into formulating a plan to regularise its financial condition ("Regularisation Plan").
Premised on the First Announcement, the Company is required to submit the Regularisation Plan to the relevant authorities by 30 November 2018, which is approximately 10 months from the date hereof. The Company had on 27 February 2018 submitted an application to Bursa Securities for an extension of time to appoint a Sponsor and formulate Regularisation Plan and subsequently received a query from Bursa Securities on 28 February 2018. The Company is currently working on the reply.
This announcement is dated 2 March 2018.
|Company Name||G NEPTUNE BERHAD|
|Date Announced||02 Mar 2018|
|Category||General Announcement for PLC|