The inadequate public shareholding spread of port and logistics operator NCB Holdings Bhd has thrust the spotlight on its long-term major shareholder, Perbadanan Nasional Bhd (PNB).
NCB’s public shareholding spread, which was at 22.16% as of yesterday, is below the 25% public shareholding spread as per the listing requirements of Bursa Malaysia.
“The company will apply to Bursa Securities for an extension of time to comply with its public shareholding spread requirement,” said NCB in an announcement yesterday.
NCB’s public shareholding issue came about after MMC Corp Bhd started to increase its stake in the port operator.
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NCB’s public shareholding spread, which was at 22.16% as of yesterday, is below the 25% public shareholding spread as per the listing requirements of Bursa Malaysia.
“The company will apply to Bursa Securities for an extension of time to comply with its public shareholding spread requirement,” said NCB in an announcement yesterday.
NCB’s public shareholding issue came about after MMC Corp Bhd started to increase its stake in the port operator.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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