<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 19): Pestec International Bhd (KL:<a href="/askedge/klse/5219" class="ce-stock" target="_blank">PESTEC</a>) on Tuesday announced that its shareholders’ equity is 50% or less of its issued share capital based on its audited March 31, 2025 results, triggering Bursa Malaysia’s Practice Note 17 (PN17) rules for financial trouble.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with the bourse, the company said it would apply for a waiver from being classified as a PN17-affected issuer, as it has already taken steps to strengthen its financial position.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Trading in the company’s shares was halted for an hour, starting from 3.01pm, with the announcement. The stock last traded at 13 sen a share, giving it a market capitalisation of RM332.45 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p><em><strong>More to come</strong></em></p></div>


Pestec International Bhd (KL:PESTEC) on Tuesday announced that its shareholders’ equity is 50% or less of its issued share capital based on its audited March 31, 2025 results, triggering Bursa Malaysia’s Practice Note 17 (PN17) rules for financial trouble.

Pestec International triggers PN17 criteria, seeks waiver

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Chinese DRAM chipmaker CXMT said on Sunday its fifth-generation technology platform had entered mass production, a claimed breakthrough that could help China build a stronger competitor to Samsung Electronics, SK Hynix and Micron Technology in the global market for memory chips.

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Venezuela and TotalEnergies SE signed a memorandum of understanding on Saturday, setting up the French company for a return to operations in the South American country.

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<p>Former prime minister Datuk Seri Najib Razak said he is still looking for ways to pay the fine previously imposed to meet the terms of his conditional pardon.</p>


<p>We, the members of G25, are once again deeply shocked and dismayed by the decision of the Pardons Board to grant a further conditional pardon to former prime minister Datuk Seri Najib Razak, allowing him to serve the remainder of his custodial sentence under house arrest. This follows the Pardons Board’s decision in 2024 to halve his 12-year prison sentence to six years and reduce his RM210 million fine to RM50 million, an astounding 76% reduction.</p>


<p>Chinese DRAM chipmaker CXMT said on Sunday its fifth-generation technology platform had entered mass production, a claimed breakthrough that could help China build a stronger competitor to Samsung Electronics, SK Hynix and Micron Technology in the global market for memory chips.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim will meet DAP secretary general Anthony Loke soon to hear his views before deciding on the latter's offer to resign as transport minister.</p>


<p>Venezuela and TotalEnergies SE signed a memorandum of understanding on Saturday, setting up the French company for a return to operations in the South American country.</p>


<p>At the end of World War II, the US Navy was by far the world’s largest. As late as 1975, the United States remained a major shipbuilding power, although its preeminence had already begun to diminish. By the end of the 20th century, however, American shipbuilding was in steep decline, despite government efforts to revive it.</p>


<p>Ukraine launched what Moscow's mayor called the biggest drone attack yet on the Russian capital on Sunday, as Russians voted on the final day of a parliamentary election that President Vladimir Putin has cast as a test of support for the war in Ukraine.</p>


<p>Executives at Jefferies Financial Group Inc were sounding increasingly irate.</p>
