PUBLIC SHAREHOLDINGS SPREAD
Y&G CORPORATION BHD |
Type | Announcement |
Subject | PUBLIC SHAREHOLDINGS SPREAD |
Description | Y&G CORPORATION BHD ("Y&G" OR "THE COMPANY") 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, 28 February 2020 and 13 May 2020 and wish to inform that Bursa Securities has vide its letter dated 29 May 2020 granted the Company a further extension of time of six (6) months until 14 November 2020 to comply with the public shareholding spread requirement.
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.
The Company will use the extension of time granted by Bursa Securities to work on a rectification plan to address the shortfall in the required public shareholding spread.
This announcement is dated 1 June 2020. |
Announcement Info
Company Name | Y&G CORPORATION BHD |
Stock Name | Y&G |
Date Announced | 01 Jun 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-01062020-00085 |