PETALING JAYA: Umno-linked media company Utusan Melayu (M) Bhd has been classified as a Practice Note 17 (PN17) company, denoting its financials were inadequate as a listed entity.
In a filing with Bursa Malaysia yesterday, the company, which has defaulted on loans from Bank Mualamat Malaysia Bhd and Maybank Islamic Bhd, said that it would need to come up with a regularisation plan within the next 12 months.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
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!
