NOBODY should have been surprised when the Kuala Lumpur Stock Exchange (KLSE) announced on Monday that it had commenced delisting procedures against 16 PN4 companies. There had been plenty of talk about such a move, particularly since the bourse introduced the PN4 classification last March in line with the revamped listing requirements.
Many people are eager to see if the authorities will indeed carry out their threat to boot financially distressed companies out of the exchange if they fail to set things right within the given period.