General Announcement

24/08/2007

PUBLIC SHAREHOLDING SPREAD  QUARTERLY STATUS ANNOUNCEMENT PURSUANT TO RULE 8.15(1) AND GUIDANCE NOTE NO 13/2007 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE MESDAQ MARKET ("MMLR")

EXCEL FORCE MSC BERHAD

Type

Announcement
SubjectPUBLIC SHAREHOLDING SPREAD  QUARTERLY STATUS ANNOUNCEMENT PURSUANT TO RULE 8.15(1) AND GUIDANCE NOTE NO 13/2007 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE MESDAQ MARKET ("MMLR")

Contents :

        (For consistency purposes, the abbreviations used throughout this announcement shall have the same meaning as previously defined in the announcements dated 27 June 2007, 13 July 2007 and 27 July 2007)

        Reference is drawn to the announcement made on 27 July 2007 in relation to the above mentioned matter.

        The Company had on 27 June 2007 announced that the Company's public shareholding spread according to the Record of Depositors of EFMB as at 20 June 2007 was 49.15% in the hands of 500 public shareholders holding not less than 100 shares each. The Company had 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.

        As such, the Company had on 28 June 2007 applied to Bursa Securities for an extension of time of one (1) year up to 30 June 2008 to comply with the Required Public Shareholding Spread. Further thereto, Bursa Securities had vide its letter dated 25 July 2007 granted the Company an extension of time of six (6) months from 2 July 2007 until 1 January 2008 to comply with the Required Public Shareholding Spread.

        The Companys public shareholding spread according to the Record of Depositors of EFMB as at 10 August 2007 was 49.15% in the hands of 502 public shareholders holding not less than 100 shares each.

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

        On 2 August 2007, the Company announced the proposed plan to undertake a bonus issue of up to 45,280,000 bonus shares, to be credited as fully paid up on the basis of one (1) bonus share for every two (2) existing shares held by shareholders whose name appear in the Record of Depositors of the Company on an entitlement date to be determined and announced later. The proposed bonus issue is expected to improve the liquidity and marketability of the Company's shares as a result of an increase in the number of shares available. An extraordinary general meeting will be held on 7 September 2007 in relation to the proposed bonus issue.

        This announcement is dated 24 August 2007.

Announcement Info

Company NameEXCEL FORCE MSC BERHAD (MESDAQ Market) 
Stock Name EFORCE
Date Announced24 Aug 2007  
CategoryGeneral Announcement
Reference NoCC-070823-57228



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