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Dayang Enterprise Holdings Bhd('dayang" Or "the Company") - Public Shareholding Spread Pursuant To Paragraph 8.15 (1) of The Listing Requirements Of Bursa Malaysia Securities Berhad.

BackAug 29, 2008
General Announcement
Reference No DE-080829-62200

Company Name
:
DAYANG ENTERPRISE HOLDINGS BERHAD 
Stock Name
:
DAYANG
Date Announced
:
29/08/2008


Type
:
Announcement
Subject
:
Dayang Enterprise Holdings Bhd('Dayang" or "The Company")
- Public Shareholding Spread Pursuant to Paragraph 8.15 (1) of the Listing Requirements of Bursa Malaysia Securities Berhad.

Contents
:
Reference is made to the announcement on public shareholding spread dated 11 July 2008 and 24 July 2008.

Dayang Enterprise Holdings Bhd ("Dayang" or 'The Company") wishes to announce that based on the Company's Record of Depositors as at 15 August 2008, the public shareholding spread was 24% in the hands of 3,003 public shareholders holding not less than 100 shares each.

Accordingly, the Company has not complied with the public shareholding spread of 25% to be in the hands of the public in accordance with paragraph 8.15 of the Listing Requirements.

However, Bursa Malaysia Securities Berhad ("Bursa Securities") had via its letter dated 22 July 2008 granted an extension of time of six months from 1 July 2008 until 31 December 2008 for the Company to comply with the public shareholding spread requirement pursuant to paragraph 8.15 (1) of the Listing Requirement.

To rectify the non-compliance with the public shareholding spread requirement, the Company will continue to explore various options including :-

1. To advice Directors and substantial shareholders and/or their associates to sell down their shares and to refrain from increasing their shareholdings until the company had regularised its public shareholding spread requirement.

2. To encourage direct contact with potential investors by creating better awareness and understanding of the company's business by updating them with the company's performance and growth in the near future.

3. To improve shareholders and investors relationship by improving publicity of the company and a wider circulation of the company's information via timely announcements as and when there are matters to be announced by the company.

This announcement is dated 29 August 2008.