Shareholding spread on Apollo’s agenda

PETALING JAYA: Apollo Food Holdings Bhd has yet to formulate a rectification plan to address the shortfall in its public shareholding spread.

In a filing with Bursa Malaysia, the confectionery manufacturer said it was granted a six-month extension by Bursa Securities until July 23, 2024 to comply with the public shareholding spread requirement.

Apollo said the public shareholding spread of the company is 21.14% based on its record of depositors dated March 5. It closed up 39 sen to RM7.39, its all-time high with 377,200 shares traded. Year-to-date, the counter has risen over 28%.