BURSA Malaysia Securities Bhd (Bursa Securities) has given a six-month extension to FGV Holdings Bhd to comply with its public shareholding spread requirement.

FGV, in a filing with the exchange today, said Bursa Securities has, via a letter dated January 28, granted a further six-month extension until August 3 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 continues to decrease from 13.69% as at June 30 last year to 13.07% as at Dec 31 the same year.

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

FGV said it will make the necessary announcement in relation to the status of its effort to comply with the public spread requirement.

During the half-day trading today, FGV shares rose 0.66% to RM1.53, with 1.11 million shares transacted. – Bernama, January 31, 2022.