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.

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.

Halim Saad , Sumatec , PN17

   

Next In Business News

Foreign funds record RM165.3mil weekly net sale of Malaysian equities
FBM KLCI rises as reporting period in full swing
Ringgit opens higher against greenback as DXY retreats
Trading ideas: SkyWorld, Icon, Top Glove, Chin Hin, PIC, Solarvest, Lagenda, MNRB, Affin, Allianz
Dicey days for chip makers
Google, Microsoft hail country’s AI approach
Step back and watch
Bull waits for liquidity to return
CPO futures set to trade with bullish bias this week
Sarawak targets more floating solar for its hydroelectric dams

Others Also Read