Puncak Niaga gets extension for issuance of CSIDS

KUALA LUMPUR: Puncak Niaga Holdings Bhd has clarified that the application for the issuance of the convertible secured Islamic debt securities (CSIDS) to the Securities Commission (SC) and the listing application together with the draft circular to Bursa Securities were extended from July 31, 2020 until Jan 31, 2021.

The Company said on July 30, 2020, it was announced that Puncak was still unable to procure the undertakings from the Undertaking Shareholders due to the impact from the COVID-19 pandemic resulting in continuing uncertainties in the financial markets.