I am waiting and waiting.
It is like the sound of thunder and never see the lightning.
Written by Joseph Chin
Wednesday, 04 November 2009 09:26
KUALA LUMPUR: Shares of Time Engineering jumped nearly 17% in active trade on Wednesday, Nov 4 after it announced it no longer triggered the Practice Note 17 conditions of the Main Market listing rules.
At 9.19am, it was up 7.5 sen to 52 sen. It was very actively traded with 28.18 million shares done.
The FBM KLCI rose 3.61 points to 1,245.93. Turnover was 83.56 million shares valued at RM62.74 million.
Time sought the approval from Bursa Malaysia Securities for its upliftment from PN17.
The company said on Tuesday, Nov 3 that it had fully addressed its financial and operational viability following the completion of the debt restructuring and capital restructuring.
It had written to Bursa Securities for the upliftment from PN17 and also withdrawal of an application not to go ahead with its private placement.
Time said following the discontinuance of the proposed private placement, Time had completed all proposals for its proposed restructuring exercise.
