PETALING JAYA: Perisai Petroleum Teknologi Bhd has triggered Practice Note (PN) 17 (PN17) criteria as it defaulted on debt repayment by its unit Perisai Capital (L) Inc, which issued S$125mil (RM377.27mil) medium term notes (MTNs) which mature on Oct 3.
Perisai said in a filing with Bursa Malaysia that a regularisation plan to address the issue and a plan would be formulated.
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