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Further to the announcement dated 15 January 2008, the Company wishes to announce that Bursa Malaysia Securities Berhad had via its letter dated 5 March 2008 granted the Company an extension of time of six (6) months until 13 July 2008 as requested, to comply with the public shareholding spread requirements pursuant to Paragraph 8.15 (1) of the Listing Requirements (“LR”).
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 ("Required Public Shareholdings Spread").
At this juncture, the Company has yet to formulate a plan to rectify the public shareholding spread to comply with the Required Public Shareholding Spread. However, the Company endeavours to formulate such plan and will explore steps to comply with the public shareholding spread requirements pursuant to Paragraph 8.15 (1) of the LR. |
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