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Further to the announcements dated 15 January 2008 and 6 March 2008, the Company wishes to announce that as at 30 June 2008, the Company has yet to comply with the public shareholding spread requirement under Paragraph 8.15 of the Listing Requirements of Bursa Malaysia Securities Berhad (“LR”) of at least 25% of the Company's total listed shares are in the hands of a minimum of 1,000 public shareholders holding not less than 100 shares each ("Required Public Shareholding Spread").
As at 30 June 2008, the Company had 40.66% of the Company's total shares in the hands of 820 public shareholders holding not less than 100 shares each. As the non-compliance is in relation to minimum number of public shareholders, which is beyond the Company’s control, the Company has yet to be able to formulate a plan to increase the number of public shareholders. However, the Company will endeavour to take the necessary actions to comply with the public shareholding spread.
The Company has applied to Bursa Malaysia Securities Berhad ("Bursa Securities") for a further extension of time of another 12 months until 11 July 2009, to meet the Required Public Shareholding Spread.
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