KUALA LUMPUR: Bursa Malaysia Securities Bhd has granted a six-month extension, until September 2, for FGV Holdings Bhd to comply with the public shareholding spread requirement.
This is the sixth extension that FGV has received.
In its filing with Bursa Malaysia on Tuesday (March 19), FGV said its public shareholding spread remained at 13.09 per cent as of Feb 16, 2024.
The minimum requirement is 25 per cent.
FGV said the company is aware that Bursa Securities may penalise the company and even suspend trading of its shares if it fails to meet listing requirements.
"FGV intends to comply with the public shareholding spread and its rectification plan had been announced to Bursa Securities."The company will continue to make quarterly announcements on the status of its efforts to comply with the public spread requirement in compliance with the listing requirements," it added.Ends
