Further to our announcement dated 19 December 2022 in relation to the public shareholding spread of Berjaya Assets Berhad (“BAssets”), the Board of Directors of BAssets wishes to announce that Bursa Malaysia Securities Berhad has, via its letter dated 19 January 2023, granted BAssets an extension of time of six (6) months until 19 June 2023 to comply with the approved public shareholding spread of 20% (“Approved Public Spread”).
Currently, the public shareholding spread of BAssets stands at 19.64%, a shortfall of 0.36%. The Management of BAssets will explore options to address the shortfall in the Approved Public Spread.
This Announcement is dated 20 January 2023.