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 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 and the said application to Bursa Securities is still pending Bursa Securities’ decision.
Further developments of the above matter will be announced to Bursa Securities in due course.
This announcement is dated 3 December 2018.