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PUBLIC SHAREHOLDINGS SPREAD

BERJAYA LAND BERHAD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO PARAGRAPH 8.02 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Further to our announcement dated 24 March 2022, the Board of Directors of Berjaya Land Berhad (“BLand”) wishes to announce that Bursa Malaysia Securities Berhad has, via its letter dated 28 March 2022, granted BLand a further extension of time of 6 months until 22 September 2022 to comply with the approved public shareholding spread of 20%.

 

Currently, the public shareholding spread of BLand stands at 14.25%, a shortfall of 5.75%. The Management of BLand will take appropriate steps to identify a feasible rectification plan to address the said shortfall once they are able to forecast with certainty on the recovery of the BLand Group’s business operations and financial performance back to the level prior to the Covid-19 pandemic.

 

This Announcement is dated 29 March 2022.






Announcement Info

Company Name BERJAYA LAND BERHAD
Stock Name BJLAND
Date Announced 29 Mar 2022
Category General Announcement for PLC
Reference Number GA1-29032022-00029



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