Propel aims for uplifting of its PN17 status

KUALA LUMPUR: Propel Global Bhd is working towards uplifting its Practice Note 17 (PN17) status.

The group said this would be possible by the stable oil price environment following the last three quarters of positive financial performance.

“We want to reassure shareholders and other stakeholders that the management is working towards uplifting the group’s PN17 status.

“The positive financial performance to date is expected to be further supported by stable crude oil price and demand benefiting businesses like ours that are involved in the oil and gas services,” group chief executive officer Angeline Lee said in a statement yesterday.

“We would also like to extend our gratitude to our employees who have been demonstrating a good team spirit,” she said.

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