On behalf of the Board of Directors of Premier, Hong Leong Investment Bank Berhad and RHB Investment Bank Berhad wish to announce that we have received Bursa Securities' letter dated 11 July 2014 informing that the suspension on the trading of the Company's securities and de-listing of the Company in accordance with Paragraph 8.03(6) of the Main Market Listing Requirements of Bursa Securities shall be deferred pending the decision on the Application.
How save to invest in this share base on Regularisation Plan if I buy at today px of 36.5sen per share. I intend to invest 20,000 shares. What is my risk of losing money?
This is last message before thread closed forever. Thank you for investing in Premier Nalfin. Remember, Premier is not first to be delisted, it won't be the last. More to come. Invest wisely else where.
(a). Now premier had failed to regularise under PN 16 and was suspended on 11.4.2017 pending delisting by Bursa on a future date.
(b). An extraction of the Company's announcement- Initial announcement date 8/7/2011 read:
3. CONSEQUENCES OF NON-COMPLIANCE
(i) If PNB fails to comply with any of its obligations prescribed in Paragraph 8.03 and PN 16 of the Listing Requirements, Bursa Securities may take action against the Company including but not limited to suspension and/or de-listing proceedings against the Company.
(ii) If PNB fails to comply with any part of its obligations prescribed in subparagraph (5)(a) of Paragraph 8.03 of the Listing Requirements, it must ensure that all moneys deposited, together with interests earned, with a financial institution licensed by Bank Negara Malaysia and operated by a custodian are distributed to its shareholders on a pro-rata basis as soon as practicable.
(c) The latest chairman report annexed in 2016 Annual Report ( 7.4.2017) says
- The Company continues to evaluate several proposals to address PN 17 status
My concerns: (1) Whether Bursa/SC shall be obliged to ensure that PNB to comply with the 3 (ii) above - ie make distribution to shareholders as soon as practicable before taking action to delist PNB (2) Whether PNB is looking for to argue that it now falls under PN 17 instead of PN 16 so as to have 2nd chance to come alive under PN 17
As AGM is scheduled on 28 April, 2018 (next week), it is high time for minority shareholders to take clue from the Board of Directors at the meeting, after a lapse of 6 years still under no where.
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....
stock
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Posted by stock > 2014-07-03 13:38 | Report Abuse
@ahjee, no information on the contractor responsible . premier or related companies not involved. dont simply spread rumours if no proof