FSBM Holdings out of PN17

PETALING JAYA: Practice Note 17 (PN17) company FSBM Holdings Bhd has regularised its financial condition and no longer triggers any of the criteria under Paragraph 2.1 of PN17 of the Main Market Listing Requirements of Bursa Securities.

In a filing with Bursa Malaysia, FSBM said it will be uplifted from being classified as a PN17 company effective from 9am, tomorrow.

FSBM, which distributes computers, computers related products and education-related products, slipped into PN17 status after its auditor expressed a disclaimer of opinion on its audited financial statements for the financial year ended June 30, 2018.

FSBM’s shares ended 1.35% up to close at 37.5 sen today.

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

FSMB , PN17 , Bursa Malaysia


Next In Business News

Trading ideas: MAHB, RCE, Crescendo, Eversendai, Grance Central, Protasco, YX, Managepay
Oil drops as investors look past Biden exit, focus on weak fundamentals
Wall St closes higher as investors return to megacap stocks
Harris unflinching in her stance against oil pollution
Future-proofing talent in the financial sector
China EV firms to defend their rights in EU
Suzuki expects India’s automobile market to expand five-fold by 2047
Boeing driving ‘change’ that may take years
Singapore’s ‘buy now, pay later’ plans see uplift in sales
MPay gets nod for money services licence

Others Also Read