| Contents | As announced on 14 August 2007, Bursa Securities had granted TECHNODEX an extension of time of six (6) months from 2 July 2007 until 1 January 2008 to comply with the Public Shareholding Spread Requirement.
During the past 6 months, the Company had undertaken and completed, amongst others, the following corporate exercises to enhance the liquidity in the trading of TECHNODEX shares:-
(i) a private placement of up to 8,000,000 new ordinary shares of RM0.10 each ( Shares ) in TECHNODEX representing 10% of the existing issued and paid-up share capital of TECHNODEX to investors to be identified ( Proposed Private Placement ). On 22 October 2007, the Company had issued and allotted the total of 8,000,000 placement shares; and
(ii) 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 TECHNODEX ( Proposed Bonus Issue ). 89,122,000 new TECHNODEX shares have been issued and allotted on 10 December 2007 pursuant to the Bonus Issue.
The public shareholding spread of the Company has shown a significant improvement from 26.93% in the hands of 375 public shareholders holding not less than 100 TECHNODEX shares each ( Public Shareholders ) based on the Companys Record of Depositors as at 5 June 2007 to 39.61% in the hands of 616 Public Shareholders (based on the Companys Record of Depositors as at 19 December 2007), representing an increase of 241 (64.27%) Public Shareholders.
The Company has on 31 December 2007 submitted an application to Bursa Securities to request for an extension of time of another six (6) months for the Company to comply with the Rule 8.15 of the MMLR which requires the Company to have a minimum of 1,000 public shareholders holding not less than 100 shares each.
This announcement is dated 31 December 2007. |