Business Terms & Glossary


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TermsDefinitionsContributionLaymen Definition
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TermsDefinitionsContributionLaymen Definition
Insolvent Company Company or firm whose liabilities exceed the value of owned assets. It is commonly illegal for the directors of an insolvent firm to continue to trade after becoming aware of their insolvent position. If despite their knowledge of the firm's insolvent position they do not refrain from receiving goods on credit, they may be charged with fraudulent misrepresentation of facts and may become personally liable for the firm's debts. If a seller discovers the insolvent status of a buyer after making a sale, the seller can reclaim the goods within a certain period. Business Directory  
PN16: Cash Criteron    
PN17 A listed company that is financially distressed or does not have a core business or has failed to meet minimum capital or equity (not less than 25% of the paid up capital). A PN17 company must submit to Bursa Malaysia their plan on how to regularise or face possible delisting. Kampong Investor Having financial difficulties. It’s like having cancer at stage 1 with higher chances of be declassified as practice note as compared to PN4. In other words, still a chance for reversal. 
PN4 Companies under Malaysian Rules Financially distressed listed company. PN4 refers to Practice Note 4 of Bursa Malaysia that covers listed companies who are in poor financial condition and who are required by the stock exchange to provide proposal/s to restructure or revive the company. This practice note has since 2005 been replaced by requirements under PN17 but rules for PN4 companies continue to apply to those who classified as such. WealthBox/Kampong Investor PN4 - Having financial difficulties and it’s a cancer problem at stage 4 with super low chances of recovery. Not impossible but very hard. In other words, this company is going to “holland” 
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