The Board of LCTH wishes to make the following Status Announcement on the compliance with the required public shareholding spread, in conjunction with the release of its quarterly results for the second quarter ended 30 June 2018, pursuant to Section 3.3 of Practice Note 19 of the Main Market Listing Requirements (“Listing Requirements”).
The Company currently does not meet the requirement as set out in paragraph 8.02(1) of the Listing Requirements which states that a listed issuer must ensure that at least 25% of its total listed shares (excluding treasury shares) are in the hands of public shareholders.
The public shareholding spread of the Company as at 30 June 2018 was 23.97%.
As announced by the Company on 18 July 2018, Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide their letter dated 18 July 2018 approved an extension of time of 6 months until 23 January 2019 to comply with the public shareholding spread requirement.
As at to-date, the Company will use the extension of time granted by Bursa Securities to work on a rectification plan to address the shortfall in the required public shareholding spread.
I had monitored this stock for last whole week, the price was always closed lower.
If you keyed in to give the order to buyer, the price is automatically closed 1 bid lower in next transaction. Someone is trying to manipulate the share price to press down the share price.
There are many good and bullish stocks available in this market now, hence I decided to avoid this stock.
He should not collect rm 1000, he should pay few hundred to attend harry teo classes together with those newbies... Learn how to start invest... And what is inveztment
for those who support LCTITAN congratulations. Im holding it since May. Avg price is 5.46, i am happy for your guys, please pray for me too..let me earn some pocket money...
probably many got stucked. lost their patience and offload whenever opportunities come.
if you have longer term view, it's good to hold. the business is cyclical no doubt, need to monitor the performance very closely. but having said that, i believe the company will do much better in 2019-2020.
Posted by Victor Yen > Jul 31, 2018 03:34 PM | Report Abuse
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CAF-POW
202 posts
Posted by CAF-POW > 2018-07-27 12:34 | Report Abuse
KLSE drops 4+ points..... so, this is expected. I feel that, LCTITAN should easily beat her YoY result let's see ...