Practice Note 17 (PN17) and Guidance Note 3 (GN3) Explanation for Sarawak Cable Berhad (SCB)

Sarawak Cable Berhad (SCB) has announced that it has been granted a 6-month extension, up to 31 March 2025, to submit its regularisation plan to the relevant regulatory authorities. This plan is required as SCB is classified as a PN17 affected issuer.

Key Points:

1. PN17 Classification:

PN17 status indicates that a company faces financial distress, such as a default on debt, capital inadequacy, or si