Premier Nalfin to delist by mid-May if no core business

Kili: ‘If nothing comes (through) by next week, we will probably delist and return the money to shareholders.’

Premier Nalfin Bhd remains hopeful that the company which has been without core operations since 2011 will be able to come into some kind of business by mid-May, failing which it will have to be delisted from Bursa Malaysia.

Its chief executive officer Kili Anandaraj K R Somasundram says the company which sold its entire original business related to downstream palm oil operations has been “working on getting a new business” since becoming a cash shell firm after the sale, and slipping into the Practice Note 16 (PN16) category under Bursa Malaysia’s listing requirements - back in 2011.