TECHNAX

0.010

(%)

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : OTHERS

TECHNA-X BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
Description
TECHNA-X BERHAD ("TXB")
- BURSA MALAYSIA SECURITIES BERHAD'S PRACTICE NOTE 17 ("PN17") RELIEF MEASURES RESULTING IN TXB TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER

(Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as those given to them in the initial announcements made on 30 November 2021, 10 December 2021 and 1 June 2023.)

 

Reference is made to TXB’s announcement made on 1 June 2023 bearing reference number GA1-31052023-00061, the Board of Directors of TXB wishes to clarify that TXB has re-assessed its PN17 condition based on the latest quarterly report on consolidated results for the financial period ended 31 March 2023 as announced on 30 May 2023, the shareholders’ equity has increased from RM35.16 million as at 30 September 2021 to RM42.36 million as at 31 March 2023, which is more than 25% of the share capital of TXB and more than RM40.0 million.

 

As such, TXB no longer triggers any of the PN17 Suspended Criteria and any of the criteria in relation to the financial condition of a listed issuer as set out in Paragraph 2.1 of the PN17.

 

This announcement is dated 2 June 2023.






Announcement Info

Company Name TECHNA-X BERHAD
Stock Name TECHNAX
Date Announced 02 Jun 2023
Category General Announcement for PLC
Reference Number GA1-02062023-00020