What is a PN17 company? Do you sell or buy its shares.

LATELY, a few companies defaulted in loan repayments and are now classified as PN17 companies. PN17 stands for Practice Note 17/2005 and is issued by Bursa Malaysia.

In general, PN17 companies normally have some financial difficulties. As such, investors get quite worried when some of the shares they hold are for PN17 companies. They usually face a dilemma of whether to cut losses or hope for a rebound for such shares.