Saturday 12 Oct 2024
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KUALA LUMPUR (Oct 16): Practice Note 17 (PN17) company Perisai Petroleum Teknologi Bhd has received the green light from Bursa Securities to delay the suspension of its share trade and delisting.

In a filing today, it said Bursa Securities has agreed to defer the delisting pending a decision on an application by the company.

"The application is subject to Bursa Securities' consideration and an announcement in relation to the outcome will be released in due course," said Perisai.

Last week, Perisai said it was seeking an extension of time to submit its regularisation plan, which was due by Oct 11.

Perisai gained PN17 status last year after its wholly-owned subsidiary, Perisai Capital (L) Inc, defaulted in payment of the principal and interest on a S$125 million bond.

 

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