China Stationery seeks one-month extension

PETALING JAYA: China Stationery Ltd (CSL), a Practice Note 17 (PN 17), is seeking a one-month extension up to August 7 to submit the waiver application relating to its regularisation plan.

In a filing with the stock exchange, CSL said the extension is due to the documents/information to be submitted in support of the waiver application has yet to be finalised and the respective due-diligence working group members require additional time to finalise their reports.

CSL has been a PN 17 company since July last year after its external auditors expressed a disclaimer opinion in the audited financial statements for the financial year ended December 31, 2013.

The counter was unchanged at 9 sen yesterday on some 923,300 shares done.