KUALA LUMPUR (Aug 21): Utusan Melayu (M) Bhd fell as much as four sen or 19% to 17 sen so far today after the Malay newspaper publisher announced yesterday that it had been classified as a Bursa Malaysia Practice Note 17 (PN17) company.
Utusan Melayu said it is now regarded as a PN17 company following a default on "its principal and profit payment" to Maybank Islamic Bhd and Bank Muamalat Malaysia Bhd.
At 11:16am today, Utusan Melayu shares were transacted at 17 sen after 481,600 shares were traded.