MICROLINK SOLUTIONS BERHAD
|Subject||PUBLIC SHAREHOLDINGS SPREAD|
|Description||MICROLINK SOLUTIONS BERHAD
PUBLIC SHAREHOLDING SPREAD REQUIREMENT PURSUANT TO RULE 8.02(1) OF THE ACE MARKET LISTING REQUIREMENTS (“ACE LR”) OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”)
The Board of Directors (the â€œBoardâ€) of Microlink Solutions Berhad (â€œMSBâ€ or the â€œCompanyâ€) wishes to announce that based on the Record of Depositors (â€œRODâ€) of the Company as at 7 July 2021, it became aware that the Company is not in compliance with the public shareholding spread requirement as stipulated under Rule 8.02(1) of the ACE LR of Bursa Securities which states that a listed corporation must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders (â€œPublic Shareholding Spread Requirementâ€).
Based on the ROD as at 7 July 2021, the public shareholding spread of the Company stood at 24.681%, represents a shortfall of 0.319% from the Public Shareholding Spread Requirement.
The Company will be applying to Bursa Securities for an extension of time to address the shortfall in the Public Shareholding Spread Requirement.
As at the date of this announcement, the Company has yet to formulate a rectification plan to address the shortfall in the Public Shareholding Spread Requirement. The Company will make the necessary announcements in relation to the status of its effort to comply with the Public Shareholding Spread Requirement.
This announcement is dated 8 July 2021.