See Sapura Eng ... trails in trying to exit pn17... likely Rene will follow the same similar route.

To recap, Vantris Energy secured approval from the stock exchange regulator in June for its proposed regularisation plan to exit Practice Note 17 (PN17) status.
The plan includes a capital reduction to eliminate accumulated losses and strengthen its capital structure, as well as a 20-to-one share consolidation to reduce the number of shares in circulation, aimed at boosting its share price and lowering volatility.

One way Stock price is pushed not by revenue and profitable benchmark but via consolidation exercise ... to potray the comp image and give the impressions to financial institutions a bit of cosmetics play.... but the fact is compny still struggling with debts recovery and trying to exit pn17 status. See then coming Q report ended....be mindful

Considerations and Risks of PN17 coy

1. High Risk: PN17 companies are of high-risk investments. There is a real possibility that the regularization plan might not be approved or might fail during execution.

2. Shareholder Dilution: Many regularization plans involve raising new capital through a rights issue or private placement. This often leads to significant dilution for existing shareholders, meaning your percentage ownership of the company decreases.

3. Suspension or Delisting: If a PN17 company fails to submit or execute a regularization plan within the stipulated timeframes, 7 Feb 2026 ...its securities may be suspended from trading or even delisted from the stock exchange. This could result in a total loss of investment.

4. Volatility: The stock price of PN17 companies is typically very volatile, reacting sharply to rumors, news, and updates about the regularization process. Very speculative in nature

So traders please be mindful.