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, 2 January 2018 and 2 February 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.
On 9 February 2018, 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 on 9 February 2018.
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.
Reference is made to our announcements of 10 October 2016, 12 October 2016, 10 November 2016, 9 December 2016, 9 January 2017, 8 February 2017, 8 March 2017, 7 April 2017, 8 May 2017, 8 June 2017, 7 July 2017, 7 August 2017, 7 September 2017, 9 October 2017, 7 November 2017, 7 December 2017, 5 January 2018 and 7 February 2018 (“Announcements”). Unless defined herein, all italicised and capitalised terms used here shall bear the same meaning as ascribed to the same in Announcements.
The Board of the Directors of the Company wishes to inform that there is no major development on the status of default in payment of principal and interests of the Notes as at the date of this announcement.
Further announcement on the development of the above matter will be made as and when necessary.
OTHERS PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY") WRIT AND STATEMENT OF CLAIM KUALA LUMPUR SESSIONS COURT SUIT NO. WA-B52NCVC-593-12/2017 - TEKNIK JANAKUASA SDN BHD (THE "PLAINTIFF") VS. ALPHA PERISAI SDN BHD (THE "DEFENDANT")
PERISAI PETROLEUM TEKNOLOGI BHD
Type Announcement Subject OTHERS Description PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY") WRIT AND STATEMENT OF CLAIM KUALA LUMPUR SESSIONS COURT SUIT NO. WA-B52NCVC-593-12/2017 - TEKNIK JANAKUASA SDN BHD (THE "PLAINTIFF") VS. ALPHA PERISAI SDN BHD (THE "DEFENDANT") Further to the Company’s announcements dated 21 November 2017 and 22 December 2017, the Board of Directors of PERISAI wishes to announce that the Court has fixed the trial for hearing on 6 August 2018 to 8 August 2018 and the next Case Management date is fixed on 23 July 2018.
Further announcement on any material development on the above will be made to Bursa Malaysia Securities Berhad in due course.
Type Announcement Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3 OTHERS Description PERISAI PETROLEUM TEKNOLOGI BHD ("PPTB" OR THE "COMPANY")
APPLICATION FOR AN EXTENSION OF TIME TO COMPLY WITH PARAGRAPH 8.04(3) AND PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("MMLR") We refer to the Company’s announcement dated 9 February 2018 (“Announcement”) in relation to the application for an extension of time to submit its regularisation plan (“Application”).
Further to the Announcement, on behalf of the Board of Directors of PPTB (“Board”), SJ Securities Sdn Bhd wishes to announce that after due consideration of all facts and circumstances of the Application, Bursa Securities has, vide its letter dated 14 March 2018, granted the Company an extension of time of up to 11 June 2018 to submit a regularisation plan to the regulatory authorities (“Extension of Time”).
The Extension of Time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the securities of PPTB and to de-list the Company in the event:
(i) PPTB fails to submit a regularisation plan to the regulatory authorities on or before 11 June 2018;
(ii) PPTB fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; and
(iii) PPTB fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.
Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of PPTB on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the delisting.
scwmike8 Does anyone know SPECIFICALLY what's going on with this stock? Which direction is it heading and why...SPECIFICS please.
ANWSER YOU WILL LOSE ALL YOUR FAMILY'S MONEY AND THEY WILL BE IMPOVERISHED FOR 7 GENERATIONS BECAUSE YOU ARE AN IMPUDENT LOW LIFE WHO CHOOSE TO GAMBLE ON A WORTHLESSS VENTURE REMEMBER 7 OF YOUR GENERATIONS...................
what are those idiot board of directors doing? so many times extension still dont come out any regularization plan? wait until chop their head only act ?
This is exactly what i mean, they had more than 1.5 years to come up with the regularisation plan and it is STILL going on extended time..Problem is we r running out of time..The shit is so thick that it is probably too difficult to get out from...
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feihong911
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Posted by feihong911 > 2018-03-02 09:38 | Report Abuse
Great Warrants appear again, Respect you are Sifu