PUBLIC SHAREHOLDINGS SPREAD
MALAYAN CEMENT BERHAD |
Type | Announcement |
Subject | PUBLIC SHAREHOLDINGS SPREAD |
Description | MALAYAN CEMENT BERHAD ("MCB" OR "COMPANY") ACQUISITION BY MCB OF THE ENTIRE EQUITY INTEREST OF 10 COMPANIES AND THEIR RESPECTIVE SUBSIDIARIES WHICH ARE INVOLVED IN CEMENT AND READY-MIXED CONCRETE BUSINESSES IN MALAYSIA FROM YTL CEMENT BERHAD FOR A TOTAL CONSIDERATION OF RM5,158 MILLION, SUBJECT TO ADJUSTMENTS ("ACQUISITION") |
We refer to the Company's announcements dated 12 May 2021, 16 June 2021, 26 July 2021, 6 August 2021, 30 August 2021, 3 September 2021 and 21 September 2021 in relation to the Acquisition.
However, Bursa Securities has, vide its letter dated 21 July 2021, granted the Company a period of 6 months from 22 September 2021, being the listing date of the new ordinary shares in the Company issued pursuant to the Acquisition, until 21 March 2022 to comply with the public shareholding spread requirement.
In relation therewith, the Company will be submitting an application to Bursa Securities for the acceptance of a lower percentage of public shareholding spread in accordance with Paragraph 2.2 of Practice Note 19 of the Listing Requirements before 21 Feb 2022.
This announcement is dated 23 September 2021. |
Announcement Info
Company Name | MALAYAN CEMENT BERHAD |
Stock Name | MCEMENT |
Date Announced | 23 Sep 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-23092021-00036 |