What is PN17 or GN3? PN17 and GN3 addresses situations when a company has triggered one or more of any of the following six prescribed criteria under Para 2.1 of PN17 of the MMLR:
BASED on statistics provided by Bursa Malaysia, there are presently some 25 companies that are categorised under the Practice Note 17 (PN17) of the Main Market Listing Requirements (MMLR) and two companies under the Guidance Note 3 (GN3) of the ACE Market Listing Requirements (AMLR).
Investors who have been in the market long enough would probably remember that the PN17 classification is similar to how distressed companies were classified under Practice Note 4 (PN4) before.
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