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Further to the announcement made on the 1st of September 2009, the Board of Directors of the Company wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Malaysia”) has via its letter of 4th September 2009, granted the Company an extension of time for a period of six (6) months until 26 February 2010 to comply with the public shareholding spread requirement pursuant to paragraph 8.02(1) of the Listing Requirements of the Bursa Securities.
The Company’s public shareholding spread as at 26 August 2009 was 24.77%;
The Company will continue to take appropriate steps to meet the public shareholding spread which include; amongst others, the following:-
(a) Management briefing to the employees of the Company with regards to the prospect of the Company to encourage them to invest in the Company.
(b) Persuading the substantial and major shareholders of the Company to place out some of their shares in the open market.
(c) Promotional activities of the business of the Company to increase the Company's publicity and awareness amongst the general public and its business associates.
(d) Participating in the Investor Relations activities such as investors' briefing.
The actual course of action to be taken by the Company will depend on; amongst other, the prevailing market condition, market price of the Company’s shares and the availability of the investors.
This announcement is dated 7 September 2009. |
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