AKNIGHT - PRACTICE NOTE 17 / GUIDANCE NOTE 3:MONTHLY ANNOUNCEMENT
|Company Name||ASIA KNIGHT BERHAD|
|Date Announced||30 Jan 2015|
|Subject||PRACTICE NOTE 17 / GUIDANCE NOTE 3|
|Description||MONTHLY ANNOUNCEMENT AND UPDATE ON THE STATUS OF THE COMPANY’S PLAN TO COMPLY WITH THE OBLIGATION TO REGULARISE ITS CONDITION PURSUANT TO PRACTICE NOTE 17 (“PN 17”) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD|
We refer to the First Announcement dated 31 October 2014 made by the Company in relation to the Company being classified as a PN17 Issuer and the announcements dated 1 December 2014 and 2 January 2015 pursuant to the requirements under PN17 (“Announcements”).
The Board of Directors of the Company (“Board”) hereby announces that the Company is still looking into formulating a plan to regularise its financial condition (“Regularisation Plan”). Pursuant to Paragraph 4.1(b) of PN17, the Board at this stage cannot determine if the Regularisation Plan will result in a significant change of business direction or policy of the Company.
The Company has approximately nine (9) months to submit its Regularisation Plan to the relevant authorities for approval.
The Company will make the necessary announcement on the Regularisation Plan in accordance with the requirements under the PN17.
This announcement serves as the Announcement required under Paragraph 4.1(b) of PN17 and the Monthly Announcement required under Paragraph 4.1(c) of PN17.
This announcement is dated 30 January 2015.