PN17 – Regularizing (PN17 - 的正则)

PN17 – Regularizing & Change of Business Direction or Policy

When a company is announced as a PN17 company (list of PN17 companies in Malaysia), it has to undergo a few exercises to comply with the requirements of Bursa; in which failing to do so will result in suspension in trading list securities (5 market days from the day of notice, the next day) de-listed from the market or both.

当一家公司宣布为PN17公司（PN17公司在马来西亚的列表），它必须经过一些练习，以符合布尔萨的要求，在这种不这样做会导致暂停买卖证券名单（5市场从通知之日天，第二天）摘牌从市场或两者兼而有之。

• Regularize its condition within 12 months (1 year) from the date it was announced a PN17 company. 从它宣布一个PN17公司之日起12个月（1年）内规范其状况。
• Submit a regularization plan to the Securities Commission of Malaysia to see if theregularization plan will result in a significant change in the business direction or policy, or;
• Submit a regularization plan to Bursa Malaysia to obtain approval (and implement) theregularization plan (that will not result in a significant change in the business direction or policy.)
• Implement the plan according to the time stipulated by Bursa or Securities Commission; whichever is applicable.

No longer considered PN17 company

For a PN17 company to no longer be considered PN17, it has to first:

1. Complete the implementation of approved regularization plan.
2. Submit an application & necessary documents to Bursa to prove that it’s no longer a PN17 company.