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Status of Efforts taken 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 29, 2008
Further to the announcement made on August 22, 2008, the Board of Directors of ViTrox Corporation Berhad ("the Company") wishes to announce that Bursa Securities had vide its letter dated August 21, 2008 granted the Company an extension of time of 3 months until October 17, 2008 ("Expiry date of the Extension of Time") 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 August 27, 2008 was as follows:-
(a) Percentage of Public Shareholdings : 26.87%
(b) Number of Public Shareholders holding not less than 100 shares each: 956
Through the announcement made on August 22, 2008, the Company had proposed the following Rectification Plans, amongst others, to meet the above requirement by the Expiry date of the Extension of Time and these are currently being carried out on ongoing basis:
(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 local/foreign fund managers and investment institution as well as to 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 29, 2008.