ASIABRN

0.630

(%)

PUBLIC SHAREHOLDINGS SPREAD

ASIA BRANDS BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
ASIA BRANDS BERHAD ("ABB" or "the Company")
PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.02 (1) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("LISTING REQUIREMENTS")

Reference is made to the announcements made on 15 May 2020, 3 July 2020, 27 August 2020 and 9 October 2020.

 

The Company wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, after taking into consideration the circumstances including the fact that the Company has complied with the public shareholdings spread as at 8 October 2020, vide its letter dated 15 October 2020, resolved to grant the Company a further extension of time from 8 August 2020 until 8 October 2020 (2 months) to comply with the public shareholdings spread requirements pursuant to paragraph 8.02(1) of the Listing Requirements.

 

Based on the Register of Depositors as at 8 October 2020, the Company's public shareholding spread was 25.01%.

 

The Company has complied 25.01% public spread following the resignation of Mr. Cheah Yong Hock as a director of all ABB’s subsidiary companies on 1 October 2020. With Mr. Cheah remaining as an employee of the ABB group of companies, he is excluded from the public shareholding spread computation.

 

This announcement is dated 16 October 2020.






Announcement Info

Company Name ASIA BRANDS BERHAD
Stock Name ASIABRN
Date Announced 16 Oct 2020
Category General Announcement for PLC
Reference Number GA1-16102020-00094