General Announcement for PLC

17/01/2018

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN

PARLO BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
REGULARISATION PLAN
Description 
PARLO BERHAD ("PARLO" OR THE "COMPANY") (FORMERLY KNOWN AS CYBERTOWERS BERHAD)

(I) SHARE CAPITAL REDUCTION; 
(II) SHARE CONSOLIDATION; 
(III) ACQUISITION;
(IV) EXEMPTION;
(V) DEBT SETTLEMENT; AND
(VI) PRIVATE PLACEMENT

(COLLECTIVELY REFERRED TO AS "REGULARISATION PLAN")

Reference is made to the announcements dated 15 December 2015, 18 March 2016, 26 July 2016, 25 October 2016, 3 November 2016, 11 November 2016, 16 March 2017, 3 August 2017, 5 September 2017, 14 September 2017, 9 October 2017, 13 October 2017, 23 November 2017, 5 December 2017, 13 December 2017, 28 December 2017, 29 December 2017, 5 January 2018 and 17 January 2018 in relation to the Regularisation Plan. Unless otherwise defined, the definitions set out in the earlier announcements in relation to the Regularisation Plan shall apply herein.

On behalf of the Board of Parlo, TA Securities wishes to announce that Bursa Securities had, vide its letter dated 17 January 2018, noted that with the completion of the Company’s Regularisation Plan, Parlo has regularised its financial condition and level of operations and no longer triggers any of the criteria under Paragraph 2.1 of GN3 of the ACE Market Listing Requires of Bursa Securities.

After due consideration of all facts and circumstances of the matter, Bursa Securities has decided to approve the Company’s application for an upliftment from being classified as a GN3 company. As a result thereof, the upliftment of Parlo from being classified as a GN3 company and the upliftment and suspension in trading of the securities of Parlo will be effective from 9.00 a.m., Thursday, 18 January 2018.

This announcement is dated 17 January 2018.



Announcement Info

Company Name PARLO BERHAD
Stock Name PARLO
Date Announced 17 Jan 2018
Category General Announcement for PLC
Reference Number GA1-17012018-00101


Related Announcements for PARLO
Date Title
20/07/2022 OTHERS PARLO BERHAD ("PARLO" OR "THE COMPANY") DISPOSAL OF ENTIRE 100% EQUITY INTEREST BY PARLO TOURS SDN. BHD. ("PT"), A WHOLLY-OWNED SUBSIDIARY OF PARLO IN TETHERUS SERVICES SDN. BHD. (FORMERLY KNOWN AS PARLO GLOBAL MARKETING SDN. BHD.) ("PGM"), WHICH IN TURN IS AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PARLO ("DISPOSAL")
14/06/2022 OTHERS PARLO BERHAD ("PARLO" OR "THE COMPANY") - OFFER AND GRANT OF OPTIONS UNDER EMPLOYEES SHARE OPTION SCHEME
10/06/2022 MULTIPLE PROPOSALS PARLO BERHAD ("PARLO" OR "COMPANY") (I) PROPOSED DIVERSIFICATION; (II) PROPOSED PRIVATE PLACEMENT; (III) PROPOSED SPECIAL ISSUE; (IV) PROPOSED FREE WARRANTS ISSUE; AND (V) PROPOSED ESOS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
24/05/2022 PROVISION OF FINANCIAL ASSISTANCE
17/05/2022 OTHERS PARLO BERHAD ("PARLO" OR "COMPANY") - BUMIPUTERA EQUITY CONDITION
06/05/2022 MULTIPLE PROPOSALS PARLO BERHAD ("PARLO" OR "COMPANY") (I) PROPOSED DIVERSIFICATION; (II) PROPOSED PRIVATE PLACEMENT; (III) PROPOSED SPECIAL ISSUE; (IV) PROPOSED FREE WARRANTS ISSUE; AND (V) PROPOSED ESOS (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
15/04/2022 OTHERS PARLO BERHAD ("PARLO" OR "THE COMPANY") - APPOINTMENT OF NEW EXTERNAL AUDITORS
07/04/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DISPOSAL OF ENTIRE 100% EQUITY INTEREST BY PARLO TOURS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PARLO IN PARLO GLOBAL MARKETING SDN. BHD., WHICH IN TURN OF IS AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF PARLO ("DISPOSAL")
07/04/2022 OTHERS PARLO BERHAD ("PARLO" OR "COMPANY") - BUMIPUTERA EQUITY CONDITION
31/03/2022 OTHERS PARLO BERHAD ("PARLO" OR "THE COMPANY") - Resignation of Chief Operating Officer of the Company