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PUBLIC SHAREHOLDINGS SPREAD

Y&G CORPORATION BHD

Type Announcement
Subject PUBLIC SHAREHOLDINGS SPREAD
Description
Y&G CORPORATION BHD ("Y&G" OR "THE COMPANY")
Public shareholding spread requirement pursuant to paragraph 8.02(1) of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities")

We refer to the Company's announcements dated 21 November 2019, 3 January 2020, 28 February 2020, 13 May 2020, 1 June 2020, 30 June 2020, 12 November 2020, 30 November 2020, 17 December 2020, 30 March 2021, 12 May 2021, 31 May 2021 and 18 June 2021 in relation to its non-compliance of the public shareholding spread requirement pursuant to paragraph 8.02(1) of the MMLR of Bursa Securities.

 

The public shareholding spread of Y&G was approximately 22.8%, which is below the minimum public shareholding spread requirement pursuant to Paragraph 8.02(1) of the MMLR. 

 

Upon the Government’s recent opening of more economic activities and relaxations on travelling and social activities especially for those fully vaccinated individuals, the major shareholders have been in an on-going discussion and negotiation with the potential investors to pare down their existing shareholdings (“Proposed Disposal”) and the Proposed Disposal is expected to be completed by end of 2021.

 

The Company will make the necessary announcements as and when there are material developments on the same.

 

 

This announcement is dated 28 September 2021.






Announcement Info

Company Name Y&G CORPORATION BHD
Stock Name Y&G
Date Announced 28 Sep 2021
Category General Announcement for PLC
Reference Number GA1-28092021-00078




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