Cymao Holdings Bhd said it would not be classified as a PN17 company due to the relief measures announced by Bursa on April 16.
KUALA LUMPUR: Cymao Holdings Bhd triggered the criteria under Practice Note 17 (PN17) of the Main Market listing rules after its external auditors, Messrs PKF, raised uncertainties about the company's ability to continue as a going concern.
The timber products company said on Wednesday PKF issued an unqualified audit opinion for the financial year ended Dec 31,2019 and also its shareholders’ equity on a consolidated basis was 50% or less of its share capital (excluding treasury shares).
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