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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, 29 August 2008 and 20 October 2008 refers.

Dayang Enterprise Holdings Bhd ('Dayang or 'The Company') wishes to announce that based on the Company's Record of Depositors as at 28 November 2008, the public shareholding spread was 24% in the hands of 2743 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.

Bursa Malaysia Securities Berhad ('Bursa Securities') had previously granted an extension of time up to 31 December 2008 to comply with the Public Shareholding Spread Requirement. In view of the current stock market and financial turmoil, the Company had on 7 November 2008 submitted an application to Bursa Securities for a further extension of time to continue its efforts to comply with the Public Shareholding Spread Requirement.. Bursa Securities had on 1 December 2008 granted the Company a further extension of time for a period of six (6) months from 1 January 2009 until 30 June 2009 to comply with the Public Shareholding Spread Requirement.

The Company will continue to explore various options to rectify the non-compliance with the public shareholding spread requirement, which 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.

This announcement is dated 2 December 2008.