PUBLIC SHAREHOLDINGS SPREAD
CYCLE & CARRIAGE BINTANG BERHAD |
Type | Announcement |
Subject | PUBLIC SHAREHOLDINGS SPREAD |
Description | CYCLE & CARRIAGE BINTANG BERHAD ("CCB" OR "THE COMPANY") - PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.02(1) OF THE MAIN MARKET LISTING REQUIREMENTS ("LISTING REQUIREMENTS") OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") |
We refer to the Company's announcement dated 30 April 2021 (“Announcement”) and unless otherwise stated, the terms used herein shall have the same meanings as those set out in the Announcement.
Further to the Announcement, the Company wishes to announce that Bursa Securities has vide its letter dated 24 June 2021, granted the Company an extension of time of six (6) months from 28 April 2021 until 27 October 2021, to comply with the public shareholding spread requirement pursuant to paragraph 8.02(1) of the Listing Requirements.
Based on the Record of Depositors dated 18 June 2021 (latest practicable date), the public shareholding spread of the Company remained at 11.963% and that the Company has yet to comply with the public shareholding spread requirement.
As of the date of this announcement, the Company has written to Jardine Cycle & Carriage Limited (“JCCL”), the major shareholder of the Company, to seek clarification on its intentions in relation to the public shareholding spread and is waiting for JCCL’s reply for the Company to formulate a rectification plan.
The Company will continue to monitor the level of its public shareholding spread and make the necessary announcements in relation to the status of its efforts to comply with the public shareholding spread requirement for each quarter of the Company’s financial year in compliance with the Listing Requirements.
This announcement is dated 25 June 2021. |
Announcement Info
Company Name | CYCLE & CARRIAGE BINTANG BERHAD |
Stock Name | CCB |
Date Announced | 25 Jun 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-24062021-00120 |