Y&G

0.660

(%)

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, 28 February 2020, 13 May 2020 and 1 June 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.

 

The Company wishes to announce that Bursa Securities, vide its letter dated 29 May 2020, has granted the Company an 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 19 June 2020, the public shareholding spread of Y&G was 22.83%, which is below the minimum public shareholding spread requirement pursuant to paragraph 8.02(1) of the MMLR.

The Company is still in the midst of formulating a rectification plan to address the shortfall in the required public shareholding spread requirement.

 

The Company will make the necessary announcement in relation to the status of its effort to comply with the public shareholding spread.

 

This announcement is dated 30 June 2020.

 






Announcement Info

Company Name Y&G CORPORATION BHD
Stock Name Y&G
Date Announced 30 Jun 2020
Category General Announcement for PLC
Reference Number GA1-28022020-00143