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

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

Grab appoints Adelene Foo as MD for Malaysia
IHH Healthcare acquires Turkey-based Kent Health Group
Xiaomi demands payout from supplier after car designs leaked
Engtex to venture into clean energy solution
FBM KLCI, ringgit edge higher
Hong Kong's cenbank raises interest rate after Fed hike, HSBC keeps rate unchanged
Maybank’s financial literacy programme reaches out to over 37,000 students in 2022
Oil climbs as dollar slumps, OPEC+ keeps output cut policy
Shell makes record US$40bil annual profit
Sony Q3 profit down 7.8%, but beats analysts' estimates

Others Also Read