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News

Public Shareholding Spread Pursuant to Paragraph 8.15(1) of the Listing Requirements of Bursa Malaysia Securities Berhad.

The Company's announcements on public shareholding spread dated 11 July 2008, 24 July 2008 and 29 August 2009 refers.

Dayang Enterprise Holdings Bhd ('Dayang' or 'The Company') wishes to announce that based on the Company's Record of Depositors as at 15 October 2008,the public shareholding spread was 24% in the hands of 2800 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(1)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 Requirements.

As stated in the Company's announcement dated 29 August 2008, the Company will continue to explore various options to rectify the non - compliance with the public shareholding spread requirement which includes amongst others, the following :-

1. To advise 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.

However, in view of the current stock market and financial turmoil, Option 1 above may not be implemented.

This announcement is dated 30 October 2008.