As at yesterday, there were a total of 17 PN17 companies, which represents 1.65 per cent of the total 1,030 companies listed on Bursa Malaysia.
Reported in The BT (5/8/06) that

Bursa Malaysia Bhd has started delisting procedures against Polymate Holdings Bhd, where the plastic product manufacturer was served with a notice yesterday. Polymate has five market […]

Proton Holdings Bhd as the national car maker should deserve some news on its restructuring.
Nothing seems to be going right since the departure of the ex-CEO, Tengku Mahaleel and the constructive criticisms from our ex-Prime Minister.
Like any GLC, it seems that Proton needs a shot in the arm to move faster with its so-called “wonderful […]

Reported in The Edge Malaysia:-
“ Bukit Katil Resources Bhd is in talks with a few new potential white knights after failing at its first attempt to rescue the financially distressed (PN4 status) company, its executive director S Ganesan said. Speaking to reporters after its EGM in Petaling Jaya on July 21 he said: “The obvious […]

Further to my article on the reasons for capital reduction, append below is an example to drawn upon: 

 Pan Malaysian Industries proposes 90% capital reduction:-

Pan Malaysian Industries Bhd (PMI) has proposed a 90% capital reduction as part of a capital reconstruction exercise to set off its accumulated losses totalling RM1.34 billion. The company, a PN17 company with […]

In my corporate restructuring articles, we see a considerable number of listed companies failed in their business venture. Some really are big entities which have many different businesses units and/ core businesses.
So why did these companies failed?
Tabulated below perhaps are some major reasons for a business to under-perform or to fail:

Major […]