General Announcement
23/11/2007TECHNODEX 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 14 August 2007 and 28 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 28 September 2007, the public shareholding spread of the Company was 27.23% in the hands of 411 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
(b) a bonus issue of up to 96,000,000 new Shares to be credited as fully paid-up to the shareholders of TDEX on the basis of one (1) new Share for every one (1) existing Share held in TDEX (Proposed Bonus Issue).
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:-
- i) As at 22 October 2007, the Company had placed out the total of 8,000,000 placement shares; and
ii) the Proposed Bonus Issue has been approved by the Shareholders of the Company at the Extraordinary General Meeting of the Company held on 23 November 2007 and it is tentatively expected to be completed in December 2007.
- This announcement is dated 23 November 2007.
Announcement Info
Company Name | TECHNODEX BHD (MESDAQ Market) |
Stock Name | TDEX |
Date Announced | 23 Nov 2007 |
Category | General Announcement |
Reference No | CM-071123-42484 |