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.