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Public Shareholdings Spread

BackFeb 28, 2011
Date Announced
:
 28/02/2011  
Admission Sponsor
:
 OSK Investment Bank Bhd
Sponsor
:
 Same as above

 

Type
:
 Announcement
Subject
:
PUBLIC SHAREHOLDINGS SPREAD

Description
:
FOCUS POINT HOLDINGS BERHAD (“FOCUS POINT” OR THE “COMPANY”)
(i) Proposed extension of time to comply with the public shareholding spread pursuant to Rule 8.02(1) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”); and
(ii) Non-compliance with Rule 8.02(1) of the Listing Requirements on public shareholding spread

Announcement Details/Table Section :

We refer to our announcements dated 6 August 2010, 18 August 2010, 14 January 2011 and 31 January 2011.

The Board of Directors of Focus Point is pleased to announce that Bursa Securities had, vide its letter dated 24 February 2011 (which was received today), granted an extension of time until 22 May 2011 to comply with Rule 8.02(1) of the Listing Requirements.

The public shareholding spread of the Company as at 21 February 2011 is 22.22%. As such, Focus Point is still not in compliance with Rule 8.02(1) of the Listing Requirements, which requires the Company to maintain a minimum public shareholding spread of 25%.

This announcement is dated 28 February 2011.