Financially distressed companies spiral downwards with odd moves
IT’S 29 now. That’s the number of PN17 companies after the admission of Transmile Group Bhd this week. At one time, Bursa Malaysia had over 100 financially distressed companies – back then, they were known as PN4 companies – in the aftermath of the 1997 Asian financial crisis. So 29 is not quite an alarming figure.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
