Saturday 14 Sep 2024
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KUALA LUMPUR (Nov 10): Trading of Hong Leong Capital Bhd's (HLCAP) shares will finally resume this Friday, after being suspended for over five years due to the group not meeting the required public shareholding spread.

HLCAP said its major shareholder, Hong Leong Financial Group Bhd, has completed a private placement of 27 million shares (equivalent to a 10.94% stake) in HLCAP, which has increased its public shareholding spread to 29.6%, thus meeting the 25% minimum requirement.

"As such, HLCAP has complied with the public shareholding spread requirements as set out in Paragraph 8.02(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Bhd.

"Accordingly, the trading in HLCAP's shares will resume with effect from 9am, Friday, Nov 13, 2020," HLCAP said in a bourse filing.

HLCAP was suspended on March 26, 2015 due to its public shareholding spread falling below 25%. As at end-2014, its public shareholding spread was 18.67%.

HLCAP was last traded at RM9.38, giving a market capitalisation of RM2.26 billion.

Edited ByS Kanagaraju
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