Anzo jumps 20% on denying it is a PN17 company

TheEdge Tue, Oct 15, 2019 09:38am - 4 years View Original


KUALA LUMPUR (Oct 15): Anzo Holdings Bhd (formerly known as Harvest Court Industries Bhd) shares jumped 20% this morning after the firm denied it is Practice Note 17 (PN17) company.

At 9.21am, Anzo rose 0.5 sen to 3 sen for a market capitalisation of RM26.42 million.

In a filing to the exchange today, the integrated contractor and timber service provider dismissed a report which appeared in Sin Chew Daily on Oct 12 titled "Anzo has been listed as PN17 company".

The report said Anzo had become a PN17 company on Oct 11.

Anzo said by reference to its announcement dated Oct 11 it is an affected issuer under Paragraph 8.03A(2)(b) of Main Market Listing Requirements of Bursa Malaysia Securities Bhd as the company has an insignificant business or operations where revenue on a consolidated basis represents 5% or less than its share capital based on the latest unaudited financial statements for the financial year ended July 31, 2019.

 

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