Contents | Reference is made to the announcements dated 23 October, 2008, 10 November, 2008, 21 November, 2008, 14 January, 2009 and 25 February, 2009 in relation to the public shareholding spread requirement pursuant to Rule 8.15 of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") for MESDAQ MARKET ("MMLR") and Guidance Note No. 13/2007 of the MMLR.
The Board of Directors of JF Tech wishes to announce that the public shareholding spread of JF Tech based on the Record of Depositors of the Company as at 31 December, 2008 is as follows:-
Percentage of public shareholding - 37.62%
Number of public shareholders holding not less than 100 shares each - 833
JF Tech did 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. Nonetheless, JF Tech had been granted an extension of six (6) months to 12 April, 2009 to comply with the public shareholding spread requirement.
In light of the above, the Company is continuously taking various steps to meet the required public shareholding spread which include, amongst others, the following:-
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. Participation in the Investor Relations activities such as CMDF-Bursa Scheme II.
With the recent economic crunch which has caused investors around the world to tighten up their belts and refrained from investing in the stock market, JF Tech requires a longer period of time to build up investors' interest to acquire the shares of the Company. As such, JF Tech had on even date submitted an application to Bursa Securities for an extension of time to comply with the required public shareholding spread.
This annoucement is dated 10 April, 2009. |