AirAsia Group says triggered PN17 but won’t be classified as such


AAGB said it would re-assess its condition and announce whether it continues to trigger any of the criteria in PN17 of the Main LR upon the expiry of the 12 months from the date of this announcement.

KUALA LUMPUR: AirAsia Group Bhd (AAGB) says it has triggered the prescribed criteria of the Practice Note 17 (PN17) of the Main Market Listing Requirements of Bursa Malaysia but it won't be classified as such under the PN17 relief measures.

In a statement to Bursa Malaysia on Wednesday, it said that its external auditors, Messrs Ernst & Young PLT, had issued an unqualified audit opinion with emphasis of matter on material uncertainty relating to going concern.

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