Meridian falls under PN17

KUALA LUMPUR: Meridian Bhd has been admitted into the Practice Note 17 (PN17) company of Bursa Malaysia.

“The PN17 criteria is triggered as the auditors have expressed a disclaimer of opinion in the company’s audited financial statements for the financial period ended Nov 30, 2023 which was announced on April 5, 2024,” the property company said in a filing with Bursa Malaysia.

Its auditor Jamal, Amin & Partners said the disclaimer of opinion was issued as the firm had not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.

“The company is looking into formulating a regularisation plan to address its PN17 status. The company will make the necessary announcement on the regularisation plan in due course,” Meridian said.

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

Meridian , PN17 , Bursa Malaysia


Next In Business News

Oil settles at one-month low on Gaza ceasefire hopes
BAM: Branding is key to standing out
Five decades of innovation and inspired creations
How the collection of taxes can help the needy
Blackstone’s Gray expects ‘new cycle’ for real estate market
Sik Cheong to expand vegetable oils business post-IPO
Improving social welfare
Mall operators remain cautious
Public-private pact the right way to go
Builders on track for continuing, solid growth with project flows

Others Also Read