| Contents | Reference is made to the announcements dated 23 October, 2008 and 10 November, 2008 in relation to the public shareholding spread requirement pursuant to the Rule 8.15 of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") for MESDAQ Market ("MMLR") and the Guidance Note No. 13/2007 of the MMLR.
The Board of Directors of JF TECH wishes to announce that JF TECH is in the midst of seeking ways to resolve 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 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
JF TECH does not comply with the required public shareholding spread prescribed under Rule 8.15(1) of the MMLR whereby 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. JF TECH had applied to Bursa Securities for an extension of time and had been granted an extension of six (6) months from 13 October, 2008 until 12 April, 2009 to comply with the public shareholding spread requirement.
In this connection, JF Tech is required to make a quarterly status announcement and will make the necessary announcement pertaining to the status of its efforts to comply with the required public shareholding spread for each quarter as required by the MMLR.
This announcement is dated 21 November, 2008. |