Propel Global exits PN17 status

KUALA LUMPUR: Propel Global Bhd, which took over the listing status of Daya Materials Bhd last year, has regularised its financial condition and exited Practice Note 17 (PN17) classification of the listing requirements as at today.

The oil and gas services and downstream speciality chemicals company said Bursa Securities had granted the company a modification of compliance with Paragraph 5.2(c) of PN17 of the listing requirements, based on the net profits for the three-month financial period ended Dec 31, 2022, and three-month financial period ended March 31, 2023.