Thursday, January 7, 2010

What i have learn from zhulian announcement

General Announcement
Reference No CC-100107-34517

Company Name :
Stock Name :ZHULIAN
Date Announced :07/01/2010

Type :Announcement
Subject :Non-compliance with the public shareholding spread requirement pursuant to paragraph 8.02(3) of the Listing Requirements

Contents :
Zhulian Corporation Berhad (“the Company”) wishes to notify that the Company does not comply with the public shareholding spread requirement as prescribed under Paragraph 8.02(1) of the Listing Requirements.

According to the Register of Depositors as at 31 December 2009, the percentage of public shareholding spread of the Company is 24.99%.

The Company would take the following steps to comply with the Required Public Shareholding Spread (“Rectification Plan”) :-

i) The Directors and/or the substantial shareholders of the Company will take cautious steps to dispose of portion of their shareholding.

ii) To notify and update the Directors of the Company including its subsidiaries on the level of the percentage of shareholding spread of the Company from time to time and to monitor closely on their movement of shareholdings.

The Company will ensure that the Rectification Plan is implemented and to rectify its public shareholding spread within three months from the date of the Non-compliance Announcement.

The Company shall apply to the Bursa Malaysia Securities Berhad for an extension of three months period to rectify its public shareholding spread accordingly.

Announcement Details :

Minimun shareholding for a share to minotory shareholder is 30%
now the major share holder already hold 75% ++

y they wan to hold so much share, is becoz the company earn money mah.
the zhulain FYE 2009 end 30/11/2009 report is going to release soon, the insider already know the result.

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