Meridian granted third extension to submit PN17 regularisation plan
This is the third extension granted to Meridian since it was classified as a PN17 issuer in April 2024.
Disclaimer opinion: Meridian’s auditors couldn’t verify FY2025 opening balances due to missing records
In a filing with Bursa Malaysia on Wednesday, the auditors said the company was unable to provide fundamental accounting records and supporting documentation necessary for their audit procedures.
Meridian faces trading suspension over delayed annual report
As a Practice Note 17 (PN17) company, Meridian must submit its annual report for the financial year ended May 31, 2025 by Oct 7 or face suspension the following day until further notice.
PN17 firm Meridian says it can only submit annual report two weeks after cut-off date
The property developer became a PN17 company in April 2024, after its external auditor Jamal, Amin & Partners expressed a disclaimer of opinion in its audited financial statements for the period ended Sept 30, 2023.
Meridian bags RM40.5m contract for civil servants housing in Kedah
The contract, which is about eight times its market capitalisation of about RM5 million—based on its Friday closing share price of 2.
Meridian falls under PN17 as auditor refrains from expressing opinion on financial statements
The auditor said the disclaimer of opinion was issued as the firm had not been able to obtain sufficient appropriate audit evidence in respect of the estimates and assumptions made in the cash flow projections prepared by Meridian's management, assuming the group will continue as a going concern.
Teo Seng Kian appointed as Ecofirst exec director, ceases to be alternate director
He is brother to Datuk Dr Teoh Seng Foo, who is the president and executive director of the company; and is also the brother of Teoh Seng Aun, who is the director of Ecofirst’s major subsidiaries, as well as a substantial shareholder.
Vsolar buys minor stakes in Meridian and Symphony Life for RM15.17m
KUALA LUMPUR (Sept 11): Vsolar Group Bhd, which undertook share placements and rights issue to raise fresh capital for the renewable energy business, has spent RM15.
Lee Koon Weng emerges as substantial shareholder of Meridian
KUALA LUMPUR (March 25): Meridian Bhd saw the emergence of Datuk Seri Lee Koon Weng as a substantial shareholder, after purchasing 7.
Report: Investors losing patience with Meridian
KUALA LUMPUR (March 7): Investor hopes have dimmed over Meridian Bhd “while its recent financial footing is raising a red flag”, reported The Edge Malaysia this week.
