Halim Saad: Sumatec looking to exit PN17 by Q2 of 2014


KUALA LUMPUR: Sumatec Resources Bhd is looking to exit PN17 status in the second quarter of next year. This follows the passing of the resolutions tabled to shareholders at an EGM on Friday.

Major shareholder Tan Sri Halim Saad told reporters after the meeting the company would be debt-free following the completion of its restructuring exercise.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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!

Halim Saad , Sumatec , PN17

   

Next In Business News

US weekly jobless claims fall slightly
Keyfield issues maiden RM200mil sukuk wakalah
Electricity tariff to rise by 14%�from�July�2025
Ringgit strengthens against US dollar as rising oil prices lift sentiment
MYMBN faces temporary suspension of bird’s nest exports to China
TNB shortlisted to develop 500MW solar plant in Kedah under LSS5
CCK Consolidated declares special dividend of 5.0 sen
Santa Claus rally extends on Bursa Malaysia
Alibaba, E-Mart to create US$4bil e-commerce JV in Korea
Oil prices inch up on hopes for more China stimulus

Others Also Read