PN17 stands for Practice Note 17/2005, while GN3 stands for Guidance Note 3. Main Market companies that are in financial difficulty or have broken certain rules will be included in PN17, while ACE Market companies that are in financial difficulty or have broken certain rules will be included in GN3.
At present, the Malaysian Stock Exchange has a clear rule that any company that falls foul of certain regulations will be classified as PN17 or GN3.
1. The total equity of the company is less than RM40 million and is less than 25% of the issued share capital of the company.
2. More than 50% of the total assets of the company will be taken over by a person other than the company, or wound up.
3. The auditor has given an adverse opinion or disclaimer of opinion on the accounts of the company.
4. Company is unable to pay its debts.
5. Company has no core business.
As at 24 March 2022 there were a total of 28 listed companies included in PN17 and GN3.
PN17 Companies
1. AIRASIA GROUP BERHAD
2. AIRASIA X BERHAD
3. ASIA MEDIA GROUP BERHAD
4. BARAKAH OFFSHORE PETROLEUM BERHAD
5. BERTAM ALLIANCE BERHAD
6. BRAHIM’S HOLDINGS BERHAD
7. CHINA AUTOMOBILE PARTS HOLDINGS LIMITED
8. COMINTEL CORPORATION BERHAD
9. DAYA MATERIALS BERHAD
10. DOLOMITE CORPORATION BERHAD
11. E.A.TECHNIQUE (M) BERHAD
12. FSBM HOLDINGS BERHAD
13. IQZAN HOLDING BERHAD (FORMERLY KNOWN AS IRE-TEX CORPORATION BERHAD)
14. IREKA CORPORATION BERHAD
15. JERASIA CORPORATION BERHAD
16. KHEE SAN BERHAD
17. KONSORTIUM TRANSNASIONAL BERHAD
18. MALAYSIA PACIFIC CORPORATION BERHAD
19. NATIONWIDE EXPRESS HOLDINGS BERHAD
20. PERAK CORPORATION BERHAD
21. SCOMI ENERGY SERVICES BERHAD
22. SCOMI GROUP BERHAD
23. SEACERA GROUP BERHAD
24. SERBA DINAMIK HOLDINGS BERHAD
25. TH HEAVY ENGINEERING BERHAD
26. TOP BUILDERS CAPITAL BERHAD
GN3 Companies
1. G NEPTUNE BERHAD
2. IDIMENSION CONSOLIDATED BERHAD
