Mercury Securities
  • Try MST28 trading from Mercury Securities with rates as low as 0.05%.
  • Earn MS Coin when you trade with MST28. Check out MST28.
  • Try MST28 trading from Mercury Securities with rates as low as 0.05%.
  • Get FREE real time quotes on our website & App. Check out MST28.
Open Trading Account
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


SUCCESS TRANSFORMER CORPORATION BERHAD ("STC") PARAGRAPH 8.15 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") - PUBLIC SHAREHOLDING SPREAD

SUCCESS TRANSFORMER CORPORATION BERHAD

Type

Announcement
SubjectSUCCESS TRANSFORMER CORPORATION BERHAD ("STC")
PARAGRAPH 8.15 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") - PUBLIC SHAREHOLDING SPREAD

Contents :

The Board of Directors of STC had on even date informed Bursa Securities that based on the Record of Depositors of STC as at 30 June 2005, the number of public shareholders of not less than 100 STC shares is 973. The number of public shareholders is below the minimum 1,000 shareholders as stipulated in Paragraph 8.15(1) of the Listing Requirements of Bursa Securities ("LR").


Based on Paragraph 8.15(3) of the LR, a listed issuer which fails to maintain the required shareholdings spread shall be given 6 months from the date of notification by the Exchange or such other period which may be determined by the Exchange, to rectify the situation.

In this respect, the Board of Directors is currently seeking advice on steps to be taken to ensure compliance with the aforementioned requirement. Further, the Directors are of the opinion that STC shall be able to rectify the public shareholding spread requirement and achieve compliance within 6 months from the date hereof.

This announcement is dated 23 August 2005.



Announcement Info

Company NameSUCCESS TRANSFORMER CORPORATION BERHAD  
Stock Name SUCCESS    
Date Announced23 Aug 2005  
CategoryGeneral Announcement
Reference NoCM-050823-61372



Close