KUALA LUMPUR: Engineering and construction firm Zelan Bhd
has triggered the criteria pursuant to Practise Note No 17 (PN17) of the Main Market listing requirements of Bursa Malaysia Securities Bhd.
In a statement, Bursa Malaysia said it will continue to monitor the progress of Zelan in respect of its compliance with the Main Market Listing Requirements.
As at May 2, 2023, there are a total of 29 companies under PN17 and GN3, which represent 3.06% of the total number of 949 companies listed on the Main and ACE Markets of Bursa Securities.
PN17 classification involves financially distressed companies that are listed on Bursa Malaysia’s Main Market, while GN3 status refers to distressed companies that are listed on the ACE Market.
