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

BackJul 07, 2009
General Announcement
Reference No DE-090702-40654


Company Name
Stock Name
Date Announced

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

The Company's announcement on 27 May 2009 refers.

The Company wishes to announce that Bursa Malaysia Securities Berhad has via its letter dated 03 July 2009 granted the Company an extension of time of six (6) months to comply with the public shareholding spread requirement pursuant to paragraph 8.15(1) of the Listing Requirement.

The duration of extension of time of six months is from 1 July 2009 until 31 December 2009.

The level of public shareholding spread of Dayang as at 30 June 2009 is as follows:
Number of public shareholders holding not less than 100 shares :2722
Percentage of public shareholding spread : 24.01%

The company shall continue to explore various options to rectify the required 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 reqularised 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.

4. The Company is a Member of Malaysian Investor Relations Association ("MIRA") and is participating in the Investor Relations Incentive Programme ("IRIP") which is a 2 years programme under Bursa Malaysia Securities Berhad ("Bursa Securities"). This will assist the Company to build an Investor Relations portal in the Company's website to reach out to more investors, stock brokers, analysts and media representatives.

The actual course of action to be taken will depend, amongst others, the prevailing market condition, market price of Dayang shares and the availability of investors.

This announcement is dated 7 July 2009.

Announcement Details :