Dolomite Corp classified as PN17, unable to pay debts

KUALA LUMPUR (Bernama) -- Dolomite Corporation Bhd has been classified as an affected listed issuer under Practice Note 17 after it was unable to pay its debts as its liabilities have far exceeded its assets.

As of Dec 31, 2020, the investment company, which is the parent of 14 subsidiaries has net liabilities of RM59.57 million.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Dolomite , PN17


Next In Business News

High expectations
The global port race: Will Malaysia keep up?
Divergent views on economic prospects
Uplifting local agriculture
Addressing the ripple effect of higher wages
Identifying opportunities for 2024
India economy to exceed growth estimates
OCBC sues money laundering suspect for US$15mil
Asia factory activity weakens, uncertainty on China clouds outlook
Results on track

Others Also Read