Bursa Malaysia Securities Berhad announced that Lambo Group Berhad has triggered the criteria pursuant to Rule 2.1(f) of Guidance Note No. 3 of the ACE Market Listing Requirements of Bursa Securities.
LAMBO announced on 31 January 2023 that it has been classified as a GN3 Company. The Securities emphasised that it will continue to monitor the progress of LAMBO in respect of its compliance with the Main Market Listing Requirements.
Information on companies under Practice Note No.17 of the Main Market Listing Requirements and GN3 As of 2 February 2023, there are a total of 28 companies under PN17 and GN3 which represent 2.94% of the total number of 951 companies listed on the Main and ACE Markets of Bursa Securities.
Listed in GN3 are usually public listed companies that are distressed mostly due to financial difficulties.
