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Further to the announcement made by the Company on 1 September 2009 in relation to the non-compliance with the minimum public shareholding spread of 25% to be in the hands of the public pursuant to Paragraph 8.02(1) of the MMLR, Bursa Malaysia had on 4 September 2009, granted the Company an extension of time for a period of six (6) months until 26 February 2010 to comply with such requirement.
The Board of Directors of the Company wishes to announce that the public shareholding spread of the Company based on the Record of Depositors as at 30 September 2009 was 24.77%. The Company therefore has yet to comply with Paragraph 8.02(1) of the MMLR.
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 15 December 2009. |
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