Contents | Following the announcement dated 23 October, 2008, the Board of Directors of JF TECH wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has granted JF Tech an extension of time of six (6) months from 13 October, 2008 until 12 April, 2009 to comply with the public shareholding spread requirement pursuant to Rule 8.15(1) of the Listing Requirements of Bursa Securities for MESDAQ Market.
The public shareholding spread of JF TECH based on the Record of Depositors as at 13 October, 2008 is as follows:-
Percentage of public shareholding - 37.82%
Number of public shareholding holding not less than 100 shares each - 839
In this connection, JF Tech is required to make an immediate announcement and the Company will be seeking ways to resolve this matter to comply with the public shareholding spread requirement.
As at to date, the Company is exploring various options to address the shortfall in the public shareholding spread requirement which may include, amongst others the following, which would be depend on the feasibility of such exercise.
1. Management briefing to the employees of the Company with regards to the prospect of the Company to encourage them to invest in the Company.
2. Promotional activities of the business of the Company to increase the Company's publicity and awareness amongst the general public and its business associates.
3. Participating in the Investor Relations activities such as CMDF Bursa Scheme II.
The Company will continue to monitor its shareholding spread, and explore the above feasible measures as part of its continuing endeavours to comply with the public shareholding spread requirement.
This announcement is dated 10 November, 2008. |