The money collected from Yinson will be used to repay the debtors and yet it is not sufficient to cover all, so right issue is imminent before move out from PN17.
TH Heavy Engineering Bhd said it will undergo a kitchen-sinking exercise so it can start with a clean slate and exit the Practice Note 17 (PN17) status by the first quarter of next year.
Chief executive officer Suhaimi Badrul Jamil said the group is now working to submit its regularisation plan to Bursa Malaysia by the Oct 26 deadline.
"We'll have to impair a lot of things, mainly (our) floating production storage and offloading (FPSO) units. There is a fair bit of kitchen-sinking that needs to be done in order to clean up our balance sheet and hopefully by then we will return to the black," he told reporters after the group's annual general meeting today.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
prc4wifefe
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Posted by prc4wifefe > 2018-04-11 21:16 | Report Abuse
th already have 700million contract share with destini