Bursa mulls giving more time to troubled companies

To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28,2020, representing 2.89% of the total companies listed on the local exchange during the period.

KUALA LUMPUR: Bursa Malaysia Bhd will consider granting a further extension of time to companies which triggered the criteria of Practice Note 17 (PN17) and Guidance Note 3 (GN3) from Jan 2,2019 to Dec 31,2020, to enable them to submit their regularisation plans to the Securities Commission (SC) or the exchange after the 24-month grace period.

Nevertheless, this would only be done on a case-by-case basis and based on the requirements made by the companies to Bursa Malaysia.