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Extension of time to comply with the required Public Shareholding Spread Pursuant to Rule 8.15(1) of the Listing Requirements of Bursa Malaysia Securities Berhad (Bursa Securities) for the MESDAQ Market (MMLR)
BackAug 22, 2008
The Board of Directors of ViTrox Corporation Berhad ("the Company") wishes to announce that pursuant to the announcement made on July 24, 2008 with regards to the above, Bursa Securities had vide its letter dated August 21, 2008 granted the Company an extension of time of 3 months until October 17, 2008 to comply with the public shareholding spread requirement pursuant to Rule 8.15(1) of the MMLR.The level of public shareholding spread of the Company as at July 18, 2008 was as follows:-
(a) Percentage of Public Shareholdings : 27.01%
(b) Number of Public Shareholders holding not less than 100 shares each: 960
The proposed rectification plans, amongst others, being explored by the Company to meet the above requirement within the Proposed Extension of Time are as follows:
(i) generate more public interest over the Company's shares by conducting analysts' briefing, press interviews and press releases;
(ii) continue to actively participate in fairs and exhibitions held locally and internationally to promote the Company to new foreign and local investors;
(iii) aggressively promote the Company's corporate profile and business activities to the overseas market through the Group's representatives stationed overseas; and
(iv) encourage employees as well as business associates of the Company and its subsidiaries to purchase shares of the Company.
This announcement is dated August 22, 2008.