Suspension, delisting of Perisai Petroleum deferred

PETALING JAYA: The trading suspension and delisting of Perisai Petroleum Teknologi Bhd will be deferred pending the decision on its application for an extension of time to submit a regularisation plan.
"The application is subject to Bursa Malaysia Securities Bhd’s consideration and an announcement in relation to the outcome will be released in due course," Perisai said in a stock exchange filing today.
Perisai had on Oct 12, 2016 triggered the PN17 criteria as it defaulted on debt repayment and had to submit a regularisation plan by Oct 11, 2017. However, it had on Oct 11, 2017 submitted an application to Bursa Securities for an extension of time to comply with the requirement.
Perisai closed unchanged at 4.5 sen with 1.96 million shares traded today.