General Announcement

21/07/2010

SERSOL TECHNOLOGIES BERHAD ("SERSOL" OR THE "COMPANY") (1) PROPOSED REVISION OF THE 30% BUMIPUTERA EQUITY PARTICIPATION TO 12.5%; AND (2) PROPOSED EXTENSION OF TIME TO COMPLY WITH THE BUMIPUTERA EQUITY PARTICIPATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

SERSOL TECHNOLOGIES BERHAD

TypeAnnouncement
SubjectSERSOL TECHNOLOGIES BERHAD ("SERSOL" OR THE "COMPANY")

(1) PROPOSED REVISION OF THE 30% BUMIPUTERA EQUITY PARTICIPATION TO 12.5%; AND

(2) PROPOSED EXTENSION OF TIME TO COMPLY WITH THE BUMIPUTERA EQUITY PARTICIPATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
ContentsWe refer to the announcements dated 17 May 2010 and 6 July 2010 in relation to the above Proposals.

The Company wishes to announce that the Ministry of International Trade and Industry has vide its letter dated 20 July 2010, approved the application made by TA Securities Holdings Berhad on behalf of SerSol, in respect of the following:

(i) extension of time of fifteen (15) months up to 2 January 2012 to comply with the 12.50% Bumiputera equity participation ("Extension of Time"); and

(ii) recognition of the existing Bumiputera shareholders of SerSol holding 4,810,700 ordinary shares of RM0.10 each in SerSol representing approximately 5.07% of SerSol's issued and paid-up share capital as at 31 March 2010 as "Bumiputera Investors".

The Company is required to increase its efforts in complying with the 12.50% Bumiputera equity participation during the Extension of Time.

This announcement is dated 21 July 2010.

Announcement Info

Company NameSERSOL TECHNOLOGIES BERHAD (ACE Market) 
Stock Name SERSOL
Date Announced21 Jul 2010  
CategoryGeneral Announcement
Reference NoC&-100721-37685

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