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PUBLIC SHAREHOLDINGS SPREAD

BERJAYA LAND BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
STATUS ANNOUNCEMENT ON COMPLIANCE WITH THE PUBLIC SHAREHOLDING SPREAD REQUIREMENT

Further to our announcement dated 27 May 2021 in relation to the public shareholding spread of Berjaya Land Berhad (“BLand” or “Company”), the Board of Directors of BLand wishes to announce that the public shareholding spread of the Company as at 24 August 2021 stood at 13.51%.

 

Bursa Malaysia Securities Berhad has, vide its letter dated 19 March 2021, granted BLand an extension of time of 6 months until 22 September 2021 to comply with the approved public shareholding spread of 20%.

 

The prolonged Covid-19 pandemic, imposition of several phases of Movement Control Orders (MCOs) and tighter standard operating procedures (SOP) have adversely impacted the operations and financial performance of the BLand Group. This is primarily due to the uncertainty of when the Movement Control Order will be lifted, and normal operations can resume.

 

The BLand Group has considered various options to address the shortfall in the public shareholding spread. However, it is very challenging for the Company during this period of uncertainty to implement any corporate exercise.

 

This Announcement is dated 25 August 2021.






Announcement Info

Company Name BERJAYA LAND BERHAD
Stock Name BJLAND
Date Announced 25 Aug 2021
Category General Announcement for PLC
Reference Number GA1-25082021-00011



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