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Y&G

0.640

(%)

PUBLIC SHAREHOLDINGS SPREAD

Y&G CORPORATION BHD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
Y&G CORPORATION BHD ("Y&G" OR "THE COMPANY")
Extension of time to comply with public shareholding spread requirement pursuant to paragraph 8.02(1) of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities")

We refer to the Company's announcements dated 21 November 2019, 3 January 2020 and 28 February 2020 in relation to its non-compliance of the public shareholding spread requirement pursuant to paragraph 8.02(1) of the MMLR of Bursa Securities.

 

Based on the Record of Depositors as at 31 December 2019, the public shareholding spread of Y&G was 22.86%, which is below the minimum public shareholding spread requirement pursuant to paragraph 8.02(1) of the MMLR.

 

Y&G had on 13 May 2020 applied to Bursa Securities for a further extension of time of six (6) months from 15 May 2020 to 14 November 2020 to comply with the public shareholding spread requirement.

 

As at the date of this announcement, the Company has yet to formulate any rectification plan to address the shortfall in the public shareholding spread requirement.

 

The Company will make an immediate announcement upon receipt of Bursa Securities' decision on the Company's above application and will also make the necessary announcements in relation to the status of its effort to comply with the public shareholding spread requirement thereafter.

 

This announcement is dated 13 May 2020.






Announcement Info

Company Name Y&G CORPORATION BHD
Stock Name Y&G
Date Announced 13 May 2020
Category General Announcement for PLC
Reference Number GA1-13052020-00029