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.