KUALA LUMPUR: Trading of Pestec International Bhd’s securities was halted for an hour from 3.01pm yesterday after it triggered Practice Note 17 (PN17) listing requirements.
This was due to its shareholders’ equity falling below 50% of its issued share capital, calculated based on the audited financial results of Pestech as at March 31, 2025, the company said in a filing with Bursa Malaysia.
Pestec said it would submit an application for a waiver from being classified as a PN17-affected listed issuer, citing measures already taken.
These include undertaking the listing and quotation of 231.79 million restricted shares on the Main Market of Bursa Malaysia on June 13, 2025, at an issue price of RM0.12 per share. — Bernama
