PN17 Issuers


Paragraph 2.1(c) of Practice Note 17 sets out a criterion of a winding up of the listed issuer's subsidiary or associated company which accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis ("Criterion 2.1(c)").


​​Will a winding-up order against a listed issuer, instead of such subsidiary or associated company of a listed issuer, trigger Criterion 2.1(c)?

​No. However, pursuant to paragraph 16.11(2)(d) of the Main LR, Bursa Securities shall de-list a listed issuer where a winding up order has been made against the listed issuer itself.