HLCAP

4.100

+0.02 (+0.5%)

PUBLIC SHAREHOLDINGS SPREAD

HONG LEONG CAPITAL BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
Status Announcement on Compliance with the Required Public Shareholding Spread

HLCB makes the following Status Announcement on compliance with the required public shareholding spread, in conjunction with the release of its quarterly results for the first quarter of the financial year ending 30 June 2020, pursuant to Section 3.3 of Practice Note 19 of the Main Market Listing Requirements (“Listing Requirements”).

 

The Company currently does not meet the requirement as set out in paragraph 8.02(1) of the Listing Requirements which states that a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders.

 

The public shareholding spread of the Company as at 6 November 2019 was 18.67%.

 

As announced by the Company on 18 March 2015, Bursa Malaysia Securities Berhad had imposed a suspension on the trading of HLCB’s shares with effect from 26 March 2015. The suspension will only be uplifted upon full compliance of the public shareholding spread in accordance with paragraph 8.02(1) of the Listing Requirements.

 

As announced previously, the Company will continue to discuss with its majority shareholder, Hong Leong Financial Group Berhad, options to comply with the shareholding spread requirement.

 

This announcement is dated 27 November 2019.






Announcement Info

Company Name HONG LEONG CAPITAL BERHAD
Stock Name HLCAP
Date Announced 27 Nov 2019
Category General Announcement for PLC
Reference Number GA1-26112019-00079