KUALA LUMPUR: Bursa Malaysia Securities has uplifted IBRACO BHD [] from the Practice Note 17 classification with effect from Tuesday, May 24.
It said on Monday, May 23 that with the completion of the regularisation plan, the company has regularised its financial condition and no longer triggered any of the criteria under PN17 of the Main Market Listing Requirements.
Bursa Securities had also approved Ibraco's waiver application to comply with the requirement to record a net profit in two consecutive quarterly results immediately upon the implementation of the regularisation plan.
It said on Monday, May 23 that with the completion of the regularisation plan, the company has regularised its financial condition and no longer triggered any of the criteria under PN17 of the Main Market Listing Requirements.
Bursa Securities had also approved Ibraco's waiver application to comply with the requirement to record a net profit in two consecutive quarterly results immediately upon the implementation of the regularisation plan.
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