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Announcement

AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN : DISCLAIMER OF OPINION

  • Type
    Announcement
  • Subject
    PRACTICE NOTE 17 / GUIDANCE NOTE 3 MONTHLY ANNOUNCEMENT
  • Description
    PETROL ONE RESOURCES BERHAD ("THE COMPANY" OR "PETONE")
    - ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

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 the following:-

1. That the Company had on 3 October 2018 announced that Bursa Securities had vide its letter dated 3 October 2018 informed that it had decided to grant PETONE an extension of time until 20 November 2018 to submit the regularisation plan to the relevant authorities for approval (“the Extended Timeframe”) subject to the appointment of a Principal Adviser by the Company on or before 13 October 2018; and

2. That the Company had further on 12 October 2018 announced that it had on 12 October 2018 appointed Mercury Securities Sdn. Bhd. as the Principal Adviser of the Company.

Further developments of the above matter will be announced to Bursa Securities in due course.

This announcement is dated 1 November 2018.

Announcement Info

  • Company Name
    PETROL ONE RESOURCES BERHAD
  • Stock Name
    PETONE
  • Date Announced
    01 Nov 2018
  • Category
    General Announcement for PLC
  • Reference Number
    GA1-26102018-00089

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