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 the 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 and the Company shall make the necessary announcement(s) in regard to any development on the above matter. We also hereby confirm that the said regularisation plan will not result in a significant change in the business direction of the Company.
The Company has approximately 21 months to submit its regularisation plan to the relevant regulatories for approval of the same.
This announcement is dated 1st July 2020.
|Company Name||KONSORTIUM TRANSNASIONAL BERHAD|
|Date Announced||01 Jul 2020|
|Category||General Announcement for PLC|