AHB wishes to announce on the Company’s status with regards to the compliance of the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the Main Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad  (“Bursa Securities”).

Bursa Securities had on 29 July 2015 granted approval to the Company on a lower public shareholding spread of 20.81% for the purpose of compliance with Paragraph 8.02(1) of the Listing Requirements of Bursa Securities. However, subsequent to the change of the substantial interests held in AHB by the substantial shareholders which was announced on 8 July 2016, the Company has since then maintain the public shareholding spread at 20.33%.

AHB wishes to update that the Company had on 21 August 2019, received and announced the notification from its substantial shareholders, Berjaya Corporation Berhad and Tan Sri Dato' Seri Vincent Tan Chee Yioun on the disposal of a total of 3,000,000 AHB's shares (“Disposal”). 

As a result of the Disposal, the percentage of public shareholding spread of the Company has improved from 20.33% to 21.51%. Hence, AHB has complied with the lower public shareholding spread of 20.81% approved by Bursa Securities.

The Company will continue to monitor the level of public shareholdings spread and make the necessary announcements as and when there is any development on the above. 

The announcement is dated 21 August 2019.