Petrol One Resources Berhad

KUALA LUMPUR (Dec 12): Practice Note 17 (PN17) company Petrol One Resources Bhd is set to be delisted from the local bourse next Monday (Dec 17), as the stock exchange regulator has dismissed the company's appeal for more time to submit its regularisation plan.
In an exchange filing today, the company guided that its securities will officially be removed from the stock exchange, but said it will still be able to continue its operations.

PETROL ONE RESOURCES BERHAD (THE COMPANY OR PETONE) STATUS UPDATE ON MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN PETROL ONE HOLDINGS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PETONE AND WORLD OIL HUB SDN. BHD. (FORMERLY KNOWN AS WEBS OIL HUB SDN. BHD.)

KUALA LUMPUR (Oct 31): Petrol One Resources Bhd's external auditor Messrs Baker Tilly Monteiro Heng has issued a disclaimer of opinion on the group’s financial statements for the financial year ended June 30, 2018 (FY18).
In a filling with Bursa Malaysia today, Baker Tilly said the basis of its qualified opinion was due to it not being able to obtain sufficient or appropriate audit evidences regarding plans for the group to achieve sustainable and viable operations, as well as generate adequate cash flows from its operating activities.

PETROL ONE RESOURCES BERHAD ("THE COMPANY" OR "PETONE") STATUS UPDATE ON MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN PETROL ONE HOLDINGS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PETONE AND WORLD OIL HUB SDN. BHD. (FORMERLY KNOWN AS WEBS OIL HUB SDN. BHD.)

PETROL ONE RESOURCES BERHAD ("THE COMPANY" OR "PETONE")
- MONTHLY ANNOUNCEMENT ON DEFAULT IN PAYMENT PURSUANT TO PARAGRAPH 9.19A OF THE MAIN MARKET LISTING REQUIREMENTS ("MMLR") OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")

PETROL ONE RESOURCES BERHAD ("THE COMPANY" OR "PETONE") STATUS UPDATE ON MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN PETROL ONE HOLDINGS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF PETONE AND WORLD OIL HUB SDN. BHD. (FORMERLY KNOWN AS WEBS OIL HUB SDN. BHD.)

KUALA LUMPUR (Aug 20): Based on corporate announcements and news flow today, companies in focus on Tuesday (Aug 21) may include the following: Utusan Melayu (Malaysia) Bhd, Petrol One Resources Bhd, Eita Resources Bhd, Gadang Holdings Bhd, Dayang Enterprise Holdings Bhd, Petronas Dagangan Bhd, Allianz Malaysia Bhd, United Plantations Bhd, Eastern and Oriental Bhd (E&O), Velesto Energy Bhd, Amway (Malaysia) Holdings Bhd and Rex Industry Bhd.

KUALA LUMPUR (Aug 20): Practice Note 17 (PN17) entity Petrol One Resources Bhd said it has submitted an appeal to Bursa Malaysia Securities against the latter’s decision to delist its securities from the Main Market of the local bourse.
In an exchange filing today, Petrol One said the appeal was submitted to Bursa Securities today against the suspension and delisting of its securities, which was initially slated for this Friday (Aug 24).

KUALA LUMPUR (Aug 13): Petrol One Resources Bhd is slated to be delisted from the Main Market of Bursa Malaysia on Aug 24 after the company failed to implement its regularisation plan by Aug 11.
This is unless the Practice Note 17 (PN17) company submits an appeal against the delisting to the regulator by Aug 20, according to Petrol One's announcement with the stock exchange today.

KUALA LUMPUR (Aug 10): Based on corporate announcements and news flow today, stocks in focus on Monday may include the following: Malaysia Smelting Corp Bhd, Westports Holdings Bhd, YFG Bhd, Marine & General Bhd, NWP Holdings Bhd, Minetech Resources Bhd, Green Packet Bhd, Malaysia Airports Holdings Bhd, PRG Holdings Bhd, CIMB Group Holdings Bhd, Utusan Melayu (Malaysia) Bhd, Versatile Creative Bhd, PLS Plantations Bhd, Petrol One Resources Bhd and Jadi Imaging Holdings Bhd.

KUALA LUMPUR (Aug 10): Petrol One Resources Bhd, a Practice Note 17 (PN17) company, said today it is unable to implement the proposed regularisation plan by tomorrow (Aug 11), despite numerous extensions granted by Bursa Securities.
This follows a meeting held yesterday, whereby the board of directors had deliberated issues in relation to the proposed regularisation plan.