Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the previous PN17 announcements.
Reference is made to all previous PN17 announcements made by the Company.
Pursuant to Paragraph 4.1 of PN17, the Board of Directors of PETONE wishes to inform that:-
1. the Company had on 27 July 2017, announced to Bursa Securities that the Proposed Regularisation Plan will be revised as per the Company’s announcement dated 27 July 2017; and
2. the Company had on 28 July 2017, submitted an application to Bursa Securities seeking the approval for an extension period of six (6) months up to 12 February 2018 for the Company to complete the implementation of its Proposed Regularisation Plan as per the Company’s announcement dated 28 July 2017.
Further developments of the above matter will be announced to Bursa Securities in due course.
This announcement is dated 1 August 2017.