• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


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 23 February 2023, the Board of Directors of Berjaya Land Berhad (“BLand” or “Company”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, via its letter dated 31 March 2023, resolved not to approve BLand’s application for a further extension of time of 6 months to 22 September 2023 to comply with its approved public shareholding spread requirement of 20% (“Public Spread”) (“EOT”).

 

In view that the EOT was not approved by Bursa Securities, Bursa Securities may take or impose any type of action or penalty pursuant to Paragraphs 16.02 and 16.19 of the Main Market Listing Requirements of Bursa Securities.

 

In addition, Bursa Securities has directed BLand to rectify the shortfall of its Public Spread on or before 30 September 2023.

 

As at 31 March 2023, the Company’s public shareholding spread had increased from 12.26% as at 22 February 2023 to 13.76%, representing a shortfall of about 6.24% equivalent to about 307 million shares.

 

The Company will comply with the Public Spread and take necessary steps to rectify the said Public Spread shortfall by 30 September 2023. An announcement(s) on the compliance with the Public Spread will be made in due course.

 

This Announcement is dated 3 April 2023.






Announcement Info

Company Name BERJAYA LAND BERHAD
Stock Name BJLAND
Date Announced 03 Apr 2023
Category General Announcement for PLC
Reference Number GA1-03042023-00025



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X