Perak Corp faces suspension for not submitting annual report


Perak Corporations owns and operates the Lumut Maritime Terminal

KUALA LUMPUR: Perak Corporation Bhd faces trading suspension on May 9 for failing to submit its annual report for the financial year ended Dec 31, 2016  (2016 AR) to Bursa Malaysia Securities Bhd or public release by April 30, 2017.

Bursa Securities said on Thursday that if Perak Corp failed to submit the 2016 AR on or before May 8, trading would be suspended from 9am the next day.

It also said if Perak Corp failed to issue the outstanding financial statements within six months from the expiry of the relevant timeframes, in addition to any enforcement action that Bursa Securities may take, it would also face delisting.

At midday, Perak Corp was unchanged at RM1.94.

Perak Corp  is a key subsidiary of Perbadanan Kemajuan Negeri Perak Group (PKNP Group).  Its key activities are to support PKNP Group as the primary driver of economic development in Perak.

Perak Corp's main activities are streamlined into three core businesses namely property development, ports & logistics as well as hospitality and tourism.

 

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Radium’s net profit up to RM4.8mil in 3Q
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income
Lower interest costs buoy TSH nine-month showing
Hap Seng bottom line in four-fold rise
Positive 3Q24 for Dayang on higher utilisation, forex gains
Fajarbaru 1Q25 earnings up three-fold
Northern Solar inks agreement for ACE Market IPO
Plytec 3Q net profit climbs 16% to RM5mil
Petra Energy registers positive 3Q24

Others Also Read