KUALA LUMPUR (Aug 1): Bertam Alliance Bhd said it is still working towards a plan to regularise its financial condition.

In a filing with Bursa Malaysia today, Bertam said the company is required to submit the regularisation plan to the authorities by April 3, 2019, which is approximately eight months from now.

"The company will make the necessary announcement on the regularisation plan in accordance with the requirements under (Practice Note 17) PN17," it added.

Bertam shares was classified as an affected listed issuer under PN17 in April due to a winding-up order against its wholly-owned unit Bertam Development Sdn Bhd, which accounts for at least 50% of the group’s total assets.