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Article: Lityan: Revamp to set us free from PN17 status
- Article from:
- New Straits Times
- Article date:
- April 24, 2009
- Author:
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Adeline Paul Raj
New Straits Times
04-24-2009
Lityan: Revamp to set us free from PN17 status
Byline: Adeline Paul Raj
Edition: Main/Lifestyle
Section: Business Times
Type: Company
DEBT-ridden technology company Lityan Holdings Bhd aims to complete a restructuring exercise by the year end, enabling it to emerge debt-free and shake off its PN17 troubled status.
The company, which counts pilgrim fund Lembaga Tabung Haji and the Employees Provident Fund (EPF) as its biggest shareholders, also expects to start showing profits in the final quarter, group managing director and chief executive officer Nor Badli Munawir Lafti said.
The group, which made a net loss of RM9.3 million last year, currently ...