FGV gets 6-month extension to comply with public spread requirement

KUALA LUMPUR: FGV Holdings Bhd has received a six-month extension from Bursa Malaysia Securities Bhd (Bursa Securities) to comply with the exchange’s Public Shareholding Spread Requirement.

In a filing with the exchange today, FGV said Bursa Securities had vide its letter dated Jan 28, 2022 granted a further six-month extension until Aug 3, 2022 for the company to comply with the requirement pursuant to the Main Market Listing Requirements.

"Based on the Record of Depositors, the public shareholding spread of the company continued to decrease from 13.69 per cent as at June 30, 2021 to 13.07 per cent as at Dec 31, 2021.

"The company is still in non-compliance with the public shareholding spread requirement and it will continue to engage with the major shareholder on its plan in relation to the rectification of the public shareholding spread during the extension of time period granted by Bursa Securities,” it said.

FGV said it would make the necessary announcements in relation to the status of its effort to comply with the Public Spread Requirement.

During the half-day trading today, shares of FGV rose 0.66 per cent to RM1.53 with 1.11 million shares transacted. - Bernama