General Announcement

13/07/2007

PUBLIC SHAREHOLDING SPREAD PURSUANT TO RULE 8.15(1) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE MESDAQ MARKET (MMLR)

EXCEL FORCE MSC BERHAD

Type

Announcement
SubjectPUBLIC SHAREHOLDING SPREAD PURSUANT TO RULE 8.15(1) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE MESDAQ MARKET (MMLR)

Contents :

Pursuant to Rule 8.15(1) of the listing requirements of Bursa Malaysia Securities Berhad (Bursa Securities) for the MESDAQ Market (MMLR), a listed company must ensure that at least 25% of its total listed shares are in the hands of a minimum of 1,000 public shareholders holding not less than 100 shares each (Required Public Shareholding Spread). Bursa Securities also states in a letter dated 8 May 2006 that, all listed companies on the MESDAQ Market must ensure that their public shareholding spread complies with the minimum spread requirements under Rule 8.15(1) of the MMLR by 2 July 2007.


On 3 July 2006, the Company announced that its public shareholding spread does not comply with the Required Public Shareholding Spread, whereby based on its Record of Depositors as at 20 June 2006, the Company had 378 shareholders and the public shareholding spread was 37.6%. Since June 2006, the Company has endeavoured to address the Required Public Shareholding Spread and has managed to increase its number of public shareholders from 378 to 500 and has improved its public shareholding spread from 37.6% to 49.15% as announced on 27 June 2007.

In accordance with a letter from Bursa Securities dated 7 February 2007, all listed companies which do not comply with the Required Public Shareholding Spread is required to make periodic announcement on the level of public shareholding spread no later than 14 days after 30 June and 31 December of each year. As such, this announcement constitutes the Companys first half yearly public spread announcement.

The Company wishes to announce that the Companys public shareholding spread according to the Record of Depositors of EFMB as at 29 June 2007 was 49.15% in the hands of 496 public shareholders holding not less than 100 shares each.

The Company has complied with the minimum public spread of 25% but did not meet the minimum of 1,000 public shareholders holding not less than 100 shares each.

The Company will continually monitor and endeavor to rectify its public shareholding spread requirements.

Currently, the Company has not formulated a concrete rectification plan. However, the Company endeavours to take the necessary actions to comply with the Required Public Shareholding Spread including contemplating other various options to improve its current number of public shareholders. An announcement will be made in due course once a concrete plan is finalised by the Company.

The Company had on 28 June 2007 applied to Bursa Malaysia Securities Berhad for an extension of time of one (1) year up to 30 June 2008 to comply with the Required Public Shareholding Spread. As at the date of this announcement, the Company is still pending the decision from Bursa Securities on the said application of extension of time.

This announcement is dated 13 July 2007.


Announcement Info

Company NameEXCEL FORCE MSC BERHAD (MESDAQ Market) 
Stock Name EFORCE
Date Announced13 Jul 2007  
CategoryGeneral Announcement
Reference NoCC-070712-62491



Related Announcements for EFORCE
Date Title
03/04/2015 Kuala Lumpur High Court Guaman No. 22IP-5-03/2015 Writ of Summon and Statement of Claim - Capital Market Risk Advisor Sdn. Bhd. ("Writ of Summon")
01/04/2015 OTHERS Kuala Lumpur High Court Guaman No. 22IP-5-03/2015 Writ of Summon and Statement of Claim - Capital Market Risk Advisor Sdn. Bhd.
11/11/2014 OTHERS INVESTMENT IN A NEW SUBSIDIARY, WINVEST GLOBAL SDN. BHD.
25/07/2014 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
25/07/2014 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
24/07/2014 MULTIPLE PROPOSALS EXCEL FORCE MSC BERHAD (“EXCEL FORCE” OR “COMPANY”) (I) PROPOSED BONUS ISSUE OF WARRANTS; (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (III) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
16/07/2014 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
04/07/2014 OTHERS PROPOSED INVESTMENT IN WINVEST GLOBAL SDN. BHD.
02/07/2014 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
01/07/2014 MULTIPLE PROPOSALS EXCEL FORCE MSC BERHAD (“EXCEL FORCE” OR “COMPANY”) (I) PROPOSED BONUS ISSUE OF WARRANTS; (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (III) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)