PETALING JAYA: Practice Note 17 (PN17) company KNM Group Bhd
’s wholly-owned subsidiary KNM Process Systems Sdn Bhd (KNMPS) remains classified as non-compliant under Petroliam Nasional Bhd’s (PETRONAS) licensing requirements due to a qualified auditor’s report in its 2024 financial statements.
In a filing with Bursa Malaysia, KNM said PETRONAS, via an email on Oct 13, informed KNMPS that its appeal against the licensing non-compliance could not be resolved until its external auditors, Messrs KPMG PLT, issue an unqualified audit report.
