SCB admitted into PN17 company


PETALING JAYA: Sarawak Cable Bhd (SCB) has been admitted into the Practice Note (PN) 17 company by Bursa Malaysia yesterday due to a disclaimer of opinion expressed by its external auditor recently on the cable and wire producer’s audited financial statements for the 17-month period ended May 31, 2022.

In a filing with Bursa Malaysia, SCB said its external auditors, Messrs Ernst and Young PLT, have expressed a disclaimer of opinion in the company’s audited financial statements announced on Sept 30, hence, the company is considered a PN17 issuer.

As at the date of this announcement, the company is taking the necessary steps to address its PN17 status,” it said. — Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

SC wins insider trading civil suit involving GW Plastics shares
Paper packaging firm Ornapaper to diversify into property development
Econframe expects favourable outlook for M’sia’s industrial property market
SC, USM collaborate to cultivate fintech talents
Ringgit gains some ground against US dollar on DXY decline
RHB Asset Management launches Malaysia's first RHB Global Equity Premium Income Fund
Sapura Energy to divest stake in SapuraOMV to TotalEnergies for RM3.37bil
Sunview and Vision Ambassadors form JV for renewable energy development
Southeast Asia has potential to attract more venture capitalists - KWAP
Axis REIT to acquire two properties in Klang for RM351.8mil

Others Also Read