Pursuant to Section 3.3 of Practice Note 19 of the Main Market Listing Requirements (Listing Requirements) of Bursa Malaysia Securities Berhad (Bursa Securities), SSB is required to announce the status of its compliance with the required public shareholding spread in conjunction with the release of its quarterly results for the second quarter of the financial year ending 30 June 2015.
The public shareholding spread of the Company was 19.544% as at 27 January 2015 (SSB Spread).
The SSB Spread is lower than the 20% level of public shareholding spread accepted by Bursa Securities as compliance with paragraph 8.02(1) of the Listing Requirements via its letter dated 14 October 2010.
Bursa Securities had approved an extension of time of 6 months until 28 February 2015 for the Company to comply with the 20% public shareholding spread requirement.
The Company has yet to identify a plan to address the non-compliance with the 20% public shareholding spread requirement.
This announcement is dated 11 February 2015.