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SOME of the 24 specified Practice Note 4 (PN4) companies that could be on the way to delisting on the KLSE have made last minute attempts to avoid that fate by either coming out with fresh new corporate proposals or just submitting their schemes to the Securities Commission (SC) on the eve of the new year.
THE Securities Commission (SC) has approved 129 corporate proposals in the final quarter 2002, bringing the total approved proposals for the year to 384.
PROMET Bhd has signed a memorandum of agreement with businessmen Mahmud bin Ali and Mohd Shafie bin Mahmud to undertake a restructuring exercise involving capital reduction, debt settlement and acquisition of asset to regularise the company#146;s financial position.