Talam Corp Bhd is hopeful of getting out of the Practice Note 17 (PN17) list if auditors give it a clean bill of health.

Bursa Malaysia has requested for more information after the company made a submission to be uplifted from the PN17 list on April 30.

Talam and its adviser, RHB Investment Bank Bhd, are still collating the necessary documents. This will include the audited accounts for financial year ended Jan 31, 2010, which is expected to be out this week.

The company, which has been on the PN17 list since Sept 1, 2006, has taken longer than expected to exit from the troubled companies list because of prolonged negotiations on assets disposal. It plans to dispose land and buildings to pay off its outstanding loans.

A KEuro spokesman said the company intends to retain majority interest in Talam eventhough KEuro had pared down its stake in Talam from more than 40% about a year ago.