PETALING JAYA: Bina Goodyear Bhd's (BG) share price plunged by 52.5% or 21 sen to close at 19 sen yesterday after the company was classified as a Practice Note 17 (PN17) company due to a provision of RM29.6mil for its work-in-progress.
The property and construction company said it needed to make the provision as its work-in-progress was not billable and chargeable to its customers.
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