Astramina Advisory managing director Wong Muh Rong: “During the Covid-19 period, when markets are so weak, it is very easy for many companies to fall under the PN17 classification. The relief by the SC and Bursa Malaysia is very timely as it prevents companies from being classified as PN17 or GN3 if they trigger those technical breaches mentioned. ”
PETALING JAYA: The investment community welcomed moves by the Securities Commission (SC) to provide temporary relief to Practice Note 17 (PN17) and Guidance Note 3 (GN3) affected companies.
Not only will the measures give more time to the affected companies to rebuild and restructure their companies, they are also a form of protection to the shareholders of companies.
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