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Announcement

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN

  • Type
    Announcement
  • Subject
    PRACTICE NOTE 17 / GUIDANCE NOTE 3
    REGULARISATION PLAN
  • Description
    PETROL ONE RESOURCES BERHAD ("THE COMPANY" OR "PETONE")
    - PROPOSED REGULARISATION PLAN

Unless otherwise stated, all definitions and terms used in this announcement shall have the same meanings as defined in the announcements dated 15 November 2013, 28 March 2014, 21 January 2015, 14 August 2015, 28 July 2016, 16 March 2017, 27 July 2017, 28 July 2017, 7 September 2017, 8 February 2018, 29 March 2018, 10 August 2018, 13 August 2018, 20 August 2018, 3 October 2018 and 12 October 2018.

Reference is made to the announcement dated 3 October 2018, wherein Bursa Malaysia Securities Berhad (“Bursa Securities”) had granted the Company an extension of time until 20 November 2018 to submit the Proposed Regularisation Plan, subject to the appointment of a Principal Adviser by the Company on or before 13 October 2018. The Company had also on 12 October 2018 announced the appointment of Mercury Securities Sdn. Bhd. as the Principal Adviser of the Company.

The Board of Directors of PETONE wishes to announce that the Company had on 19 November 2018 submitted an application to Bursa Securities seeking its approval for a further extension of time of ninety (90) days up to 20 February 2019 for the Company to submit the Proposed Regularisation Plan.

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

This announcement is dated 21 November 2018.

Announcement Info

  • Company Name
    PETROL ONE RESOURCES BERHAD
  • Stock Name
    PETONE
  • Date Announced
    21 Nov 2018
  • Category
    General Announcement for PLC
  • Reference Number
    GA1-21112018-00045

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