General Announcement
28/08/2007TECHNODEX BHD. (TDEX OR COMPANY) PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO RULE 8.15(1) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) FOR THE MESDAQ MARKET (MMLR) - QUARTERLY STATUS ANNOUNCEMENT
TECHNODEX BHD |
Type | Announcement |
Subject | TECHNODEX BHD. (TDEX OR COMPANY) PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO RULE 8.15(1) OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (BURSA SECURITIES) FOR THE MESDAQ MARKET (MMLR) - QUARTERLY STATUS ANNOUNCEMENT |
Contents :
We refer to our announcements dated 28 June 2007, 1 August 2007 and 14 August 2007 in relation to the Companys public shareholding spread.
As reflected in the abovementioned announcements, the Company does not comply with the public shareholding spread requirement set out in Rule 8.15(1) of the MMLR (Public Shareholding Spread Requirement). Based on the Companys Record of Depositors as at 5 June 2007, the public shareholding spread of the Company was 26.93% in the hands of 375 public shareholders holding not less than 100 TDEX shares each.
As announced on 14 August 2007, Bursa Securities had granted TDEX an extension of time of six (6) months from 2 July 2007 until 1 January 2008 to comply with the Public Shareholding Spread Requirement. In the same announcement, it was also stated that the Company had on 11 June 2007 announced that it proposed to undertake, amongst others, the following corporate exercises to enhance the liquidity in the trading of TDEX shares:-
(a) a private placement of up to 8,000,000 new ordinary shares of RM0.10 each in TDEX representing 10% of the existing issued and paid-up share capital of TDEX to investors to be identified (Proposed Private Placement); and
Pursuant to Guidance Note 13/2007 of the MMLR, the Board of Directors of TDEX wishes to announce that status of the Proposed Private Placement and the Proposed Bonus Issue remains the same as announced on 14 August 2007, i.e:-
i) the Proposed Private Placement is subject to Bursa Securities approval for the listing of and quotation for the shares; and
ii) the Proposed Bonus Issue is subject to the approvals being obtained from Bursa Securities and the shareholders of TDEX at an Extraordinary General Meting to be convened.
The Proposed Private Placement and Proposed Bonus Issue are tentatively expected to be completed by the end of November 2007.
This announcement is dated 28 August 2007.
Announcement Info
Company Name | TECHNODEX BHD (MESDAQ Market) |
Stock Name | TDEX |
Date Announced | 28 Aug 2007 |
Category | General Announcement |
Reference No | CM-070823-33580 |