Kawan Food | Investor Relations

Type:

Announcement

Date:

08/08/2006

Contents:

The Board of Directors of KFB wishes to announce that Bursa Malaysia Securities Berhad (“BURSA”) via its letter dated 4 August 2006 has granted KFB a further extension of time of 4 months until 31 October 2006 to comply with the Public Shareholding Spread as stipulated in Paragraph 8.15 of the Listing Requirements.

The public shareholding spread of KFB as at 30 June 2006 was 23.52% in the hands of 571 public shareholders.

KFB is currently undertaking the following short term measures to rectify the public shareholding spread of the Company:

Rectification Plan	Tentative timeline	Status
Directors and Major Shareholders of KFB and persons connected with them to sell down their shares at open market (subject to factors such as pricing).	September to October 2006	The Directors and Major Shareholders and persons connected with them will consider selling down after the closed period.
Encourage the employees and business associates of the Company to invest or invest further into KFB’s shares through the open market.	August to October 2006	Ongoing. The Company has received some positive responses from the employees and suppliers.
Discussions will be held with the Merchant Bankers and Universal Brokers to come out with a structured plan to create public awareness to increase the number of public shareholders and also to explore the possible corporate exercise(s) which would enable the Company to enhance its public shareholdings spread.	August to October 2006	Ongoing.
As part of the public awareness programme, the Company has plans to engage a public relations company to do some write-up regarding KFB to keep the public informed of the Company’s activities so that more potential investors are drawn to invest in the Company for its value.	August to October 2006	Ongoing.

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