Get the Spread, BJLand Told

A Potential Placement ? BJLand has received a rejection on its application to maintain a lower public shareholding spread. It's current spread is only 18.63%. This shows that most of the shares are held by the Berjaya Group of companies and its allies. As the Sports Toto shares will be put under a reit in Singapore, I do not see why the shares must be amassed and held tightly anymore. The more the spread, the better will be its activity. Bursa KL however have given BJLand an extension of time to comply with the public shareholding Will there be a share placement in the offing?