Reference is made to our announcements of 12 October 2016, 3 January 2017, 8 February 2017, 24 February 2017, 1 March 2017, 3 April 2017, 2 May 2017, 1 June 2017, 3 July 2017, 1 August 2017, 5 September 2017, 2 October 2017, 1 November 2017, 4 December 2017 and 2 January 2018 made by the Company in relation to the Company being classified as a PN17 affected listed issuer and the announcements of 1 November 2016 and 1 December 2016 pursuant to the requirements under PN17 (“Announcements”). Unless defined herein, all italicised and capitalised terms used here shall bear the same meaning as ascribed to the same in the Announcements.
On 11 October 2017, SJ Securities Sdn Bhd announced on behalf of the Board of Directors of Perisai that an application for an extension of time to comply with Paragraph 8.04(3) and PN17 of the MMLR has been submitted to Bursa Securities (“the Application”).
On 16 October 2017, SJ Securities Sdn Bhd announced on behalf of the Board of Directors of Perisai that Bursa Securities had vide its letter dated 13 October 2017 noted the submission of the Application by the Company and informed that the suspension on the trading of the Company’s securities and de-listing of the Company in accordance with Paragraph 8.04(5) of the MMLR shall be deferred pending the decision on the Application.
On 10 November 2017, SJ Securities Sdn Bhd announced on behalf of the Board of Directors of Perisai that Bursa Securities had vide its letter dated 9 November 2017, granted the Company an extension of time of up to 11 February 2018 to submit a regularisation plan to the regulatory authorities.
The Company is in the midst of formalising a regularisation plan to address its PN17 status. Further development will be announced, as and when necessary.
Sometimes I wonder, why cant they just finish the plan earlier instead of waiting till the last minute, bearing in mind the 11th february dateline..I mean, if u can finish it on the 10th, I m sure can finish it 2 weeks earlier...Tension lah I....hahaha...
ya very tension ...but i feel their plan should be worked since current oil price keeps surging and Goldman estimate oil price will go 80 usd above with few months time!
Many oil n gas company suffered due to the oil price crash, this was beyond any of the company's control, this company has did its best to sustain till now, its in Bursa's jurisdiction to allow this company to survive and am sure Bursa will do just that and to give an extention of time to comply.
Company didn't come out earlier plan got many reasons! Waiting big shareholder join? Merging? Shareholders and creditors need longer times to observe for the oil price trend and forecast the company future? Many reasons behind we don't know. Just wait and see next week!! I believe should got some outcome but don't know the impact!!
it will stay at this price until further announcement, which will take place this by end of this week...so decide for yourself..for those who want to sell, just sell because others want to buy..
I believe...but, this friday = dateline..still no news? what are their accountants / advisors up to? Tak kan, nak berak cerit berit, only dig the shit hole? The suspense continues...hahaha
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
zaik940
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Posted by zaik940 > 2018-02-02 16:25 | Report Abuse
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