| We refer to our announcement dated 25 September 2008 in relation to the Company's application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for a further extension of time for a period of six (6) months from 26 September 2008 until 25 March 2009 to comply with the Public Shareholding Spread. |
| We wish to announce that on 3 October 2008, we received a letter from Bursa Securities approving a further extension of time for a period of only three (3) months until 25 December 2008 to comply with the Public Shareholding Spread. |
| Based on the Company's Record of Depositors as at 30 September 2008, the public shareholding spread of PacificMas was 16.46% represented by 28,150,209 shares held by 9,280 public shareholders holding not less than 100 shares each. Accordingly, PacificMas does not comply with the Public Shareholding Spread as less than 25% of its total listed shares are in the hands of public shareholders. |
| In this regard, PacificMas wishes to inform that the Company together with OCBC Capital (Malaysia) Sdn Bhd, a substantial shareholder and holding company of PacificMas, are in the midst of evaluating several possible rectification plans before proposing a concrete rectification plan to Bursa Securities to rectify its Public Shareholding Spread. |
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| This announcement is dated
3 October 2008. |
