We refer to the first announcement made by the Company on 26 November 2013 and the monthly announcements in relation to the Company being classified as an affected listed issuer under Practice Note 17 of the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).

The Company had on 15 July 2015 announced its proposed regularisation plan and had on 24 March 2016 announced that it had entered into a supplemental agreement in relation to the proposed regularisation plan. On 14 November 2016, Bursa Securities approved the Company’s application for an extension of time up to 30 March 2017 to submit its regularisation plan.   

Further on 20 September 2016, the Company announced that Tenaga Nasional Berhad has on 19 September 2016 served three (3) winding up petitions on the Company’s wholly-owned subsidiary, Perwaja Steel Sdn Bhd. The hearing of the winding up petitions was adjourned to 16 February 2017 and 17 February 2017 respectively.

Save as disclosed above, there is no significant development on the Company’s regularisation plan as at the date of this announcement.

This announcement is dated 2 February 2017.