It has been granted an extension of time to submit its regularisation plan to the stock exchange regulator.
Bursa Securities had granted it an extension to Feb 11, 2018, to submit its regularisation plan in accordance to the main market listing requirements.
Bursa Securities may de-list the company in the event of its failure to submit its regularisation plan by the new date, or failure to obtain regulatory approval or implement the plan within a stipulated time frame.
Perisai was classified as a Practice Note 17 company following its subsidiary Perisai Capital (L) Inc's default of payment on S$125mil medium-term notes that were unconditionally and irrevocably guaranteed by Perisai.
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