According to the information issued by Bursa Malaysia, a total of 26 companies have been listed in PN17 list and 1 company in GN3 list as at 2 August 2022.
Bursa specifies that any company that breaks certain rules and regulations will be listed on the PN17 or GN3 list.
PN17 stands for Practice Note 17/2005 and GN3 stands for Guidance Note 3. Main Market companies in financial difficulty or in breach of certain rules will be classified as PN17, while Growth Enterprise Market companies in financial difficulty or in breach of certain rules will be classified as GN3.
A listed company will be placed on the PN17 or GN3 list when it has breached the following rules
1. The total equity of the company is less than RM40 million and less than 25% of the company’s issued share capital.
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 an Adverse Opinion or a Disclaimers Opinion on the company’s accounts.
4. The company is unable to pay its debts.
5. The company has no core business.
PN17 Companies
1. AIRASIA X BERHAD
2. asia media group berhad
3. barakah offshore petroleum berhad
4. bertam alliance berhad
5. capital a berhad (formerly known as airasia group berhad)
6. china autobile parks holdings limited
7. comintel corporation berhad
8. dolomite corporation berhad
9. e.a. technique (m) berhard
10. fsbm holdings berhad
11. iqzan holding berhad
12. ireka corporation berhad
13. ivory producers group berhad
14. jerasia capital berhad
15. khee san berhad
16. konsortium transnasional berhad
17. malaysia pacific corporation berhad
18. perak corporation berhad
19. prople global berhad (formerly known as daya materials berhad)
20. sapura energy 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
