KUALA LUMPUR (Jan 28): Top Builders Capital Bhd — formerly known as Ikhmas Jaya Group Bhd — has been classified as a Practice Note 17 (PN17) company after Bursa Malaysia Securities Bhd rejected the company's application for a six-month extension of the relief period. As such, it continues to trigger the PN17 criteria of the Main Market Listing Requirements (MMLR). "[The company] is now classified as a PN17 listed issuer of which the requirements under PN17 of the MMLR shall apply to Top Builders with effect from Dec 30, 2021," it added. An announcement on Top Builder triggering the PN17 criteria was also made by Bursa Securities. Top Builder first triggered the PN17 criteria in 2020.

Source: The Edge Markets January 29, 2022 03:08 UTC