Growing Wealth Together With You
A PUBLIC LIMITED COMPANY
Pimpinan Ehsan Berhad ("Pimpinan Ehsan") was incorporated in Malaysia under the Companies Act, 1965 and deemed registered under the Companies Act, 2016 as a private limited company under the name Pimpinan Ehsan Sdn Bhd on 28 June 2016. It was converted to a public limited company on 6 September 2016 and the name of the Company was changed to Pimpinan Ehsan Berhad. Pimpinan Ehsan is listed on the Main Market of Bursa Malaysia Securities Berhad on 3 May 2018 in place of TRIplc Berhad following the implementation of an internal reorganisation exercise.
The principal activity of Pimpinan Ehsan is investment holding. As to date, Pimpinan Ehsan has not commenced any business operations.
Bursa Securities had vide its letter dated 16 May 2018 (“Notice”) notified Pimpinan Ehsan that it is a Cash Company pursuant to Paragraph 8.03(1) of the Listing Requirements upon completion of the Disposal of its Principal subsidiary TRIplc Berhad to Puncak Niaga Holdings Berhad.
On 3 July 2018 the Company had paid the special cash dividend of RM1.95 per ordinary share, amounting to RM134,793,919.65 to the shareholders of Pimpinan Ehsan whose name appears in the Record of Depositors of the Company on 19 June 2018.
The Company has to do submission to SC on the proposed acquisition within the stipulated timeframe of 12 months from the time the Company is notified by Bursa Securities on 16 May 2018.
In this respect, the Company must comply with the provisions and requirements in Paragraph 8.03 and Practice Note 16 (“PN16”) of the Listing Requirements.
The Board of Directors of Pimpinan Ehsan Berhad has yet to identify any suitable business/assets and is now taking necessary steps to identify and acquire new businesses/assets in order to regularise the condition of the Company. Any progress in this regard shall be announced to Bursa Securities in due course.