PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT
|KONSORTIUM TRANSNASIONAL BERHAD|
|Subject||PRACTICE NOTE 17 / GUIDANCE NOTE 3
KONSORTIUM TRANSNASIONAL BERHAD ("KTB" OR "THE COMPANY") - MONTHLY ANNOUNCEMENT PURSUANT TO THE PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") (LISTING REQUIREMENTS")
Reference is made to the Company's announcement dated 14th April 2020 ("First Announcement"). Unless otherwise defined, the terms herein shall bear the same meaning as defined in the First Announcement.
The Board of Directors of the Company wishes to announce that the Company is in the midst of formulating a regularisation plan to address its financial condition. The Company shall make the necessary announcement(s) in regard to any development on the above matter.
Bursa Securities had on 26 March 2020, granted extension of time for affected listed issuer ("PN17 Company") to submit their regularisation plan from the existing 12 months to 24 months from the date the PN17 Company first announce that they have triggered the PN17 criteria. Pursuant thereto, KTB has approximately 23 months to submit its regularisation plan to the relevant regulatories for approval of the same.
This announcement is dated 4th May 2020.
|Company Name||KONSORTIUM TRANSNASIONAL BERHAD|
|Date Announced||04 May 2020|
|Category||General Announcement for PLC|