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We act for and on behalf of our client, HELP.
We wish to inform that Bursa Malaysia Securities Berhad ("Bursa Securities") had on 22 October 2007 granted HELP an extension of time for 6 months until 31 December 2007 to comply with the public shareholding spread requirement pursuant to Paragraph 8.15(1) of the Listing Requirements of Bursa Securities.
The public shareholding spread of the Company as at 21 September 2007 (as announced on 2 October 2007) was 28.21% in the hands of 677 public shareholders holding not less than 100 shares each.
A Rectification Plan is ongoing to encourage more individual shareholders i.e. employees, friends and business associates to buy up the shares. HELP will try its best to engage potential individual buyers through Investor Relations (IR) activities to pursue this Plan.
As the list of public listed education companies worldwide is growing, many people are becoming more aware of the rewards in investing in the education sector. Therefore, it will take time to inform the public regarding the potential rewards in investing in the education sector, and for them to be familiarized with it. We therefore seek the extension of time until 31 December 2007 to effectively carry out the Rectification Plan.
This announcement is dated 23 October 2007.
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