Kawan Food | Investor Relations

Type:

Announcement

Date:

13/01/2006

Contents:

KAWAN wishes to annouce that the public shareholding spread as at 31 December 2005 is 29.94% comprising 617 public shareholders holding not less than 100 shares each.

Therefore, KAWAN has not complied with the public shareholding spread requirement pursuant to paragraph 8.15(1) of the Listing Requirements of Bursa Malaysia Securities Berhad.

In view of that, the Board has proposed to take the following steps as Rectification Plan in order to comply with paragraph 8.15(1) of the Listing Requirements within 6 months from the date hereof:

Timeline	Event	Status
On or before 31 January 2006	Discussion with Directors and Major Shareholders and persons connected with them to sell down their shares at open market.	Started in early January 2006
On or before 28 February 2006	Increasing investors' awareness of the Company.

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