Azam Jaya Berhad (AJB) wishes to provide an update on its efforts to comply with the Public Shareholding Spread (PSS) requirement under Paragraph 8.02(1) of Bursa Malaysia Securities Berhad’s Main Market Listing Requirements.
At the Company’s Extraordinary General Meeting (EGM) held on 24 July 2026, shareholders approved, among other resolutions:
- The Proposed Private Placement
- The Proposed Employees’ Share Option Scheme (ESOS)
The Proposed Private Placement is part of the Company’s initiative to address its current shortfall in public shareholding spread and support compliance with Bursa Malaysia’s listing requirements.
AJB is currently in the process of identifying suitable investors for the private placement exercise.
Based on the Record of Depositors as of 26 August 2026, the Company’s public shareholding spread stood at 20.65%.
The Company remains committed to implementing the necessary measures to meet the required public shareholding spread threshold. AJB will continue to monitor the progress of the Proposed Private Placement and provide updates in accordance with Bursa Malaysia’s listing requirements.