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BHS Industries Bhd (“BHS” or “the Company”) wishes to announce that based on the Company's Record of Depositors as at 31 December 2007, the Company did not comply with the public shareholding spread requirement under Paragraph 8.15(1) of the Listing Requirements (“LR”) of Bursa Malaysia Securities Bhd (“Bursa Securities”) of at least 25% of the Company’s total listed shares are in the hands of minimum 1,000 public shareholders holding not less than 100 shares each (“Required Public Shareholding Spread”). As at 31 December 2007, the Company had 40.72% of the Company’s total shares in the hands of 951 public shareholders holding not less than 100 shares each only.
Pursuant to Paragraph 8.15(3) of the LR, BHS shall apply to Bursa Securities for an extension of time to rectify its Required Public Shareholding Spread.
As at to date, the Company is exploring the various options to address the shortfall in the Required Public Shareholding Spread. The Company will make further announcement in relation to the compliance with Paragraph 8.15(1) of the LR as and when there is any material development. |
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