PUBLIC SHAREHOLDINGS SPREAD
FUTUTECH BERHAD |
Type | Announcement |
Subject | PUBLIC SHAREHOLDINGS SPREAD |
Description | FUTUTECH BERHAD (“FUTUTECH” OR “COMPANY”) PUBLIC SHAREHOLDING SPREAD |
Pursuant to Section 8.02(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”), a listed issuer must ensure that at least 25% of its total listed shares are in the hands of public shareholders (“Public Shareholding Spread Requirement”). Based on the Record of Depositors of Fututech as at 18 October 2011, the public shareholding spread of the Company stood at 24.68%, which is below the Public Shareholding Spread Requirement. As at the time of this announcement, Fututech has yet to formulate a plan to comply with the Public Shareholding Spread Requirement. An application will be made by the Company to Bursa Securities on 20 October 2011 for the extension of time to 19 January 2012 to comply with the Public Shareholding Spread Requirement. Fututech will make the necessary announcements in relation to the status of its efforts to comply with the Public Shareholding Spread Requirement every quarter of its financial year in compliance with the Listing Requirements. This announcement is dated 20 October 2011. |
Announcement Info
Company Name | FUTUTECH BERHAD |
Stock Name | FUTUTEC |
Date Announced | 20 Oct 2011 |
Category | General Announcement |
Reference No | OI-111020-40578 |