General Announcement
Reference No O&-071127-54678
Submitting Merchant Bank:KENANGA INVESTMENT BANK BERHAD
Company Name:REXIT BERHAD (MESDAQ Market)
Stock Name :REXIT
Date Announced:27/11/2007


Type:Announcement
Subject:REXIT BERHAD (“REXIT” OR “COMPANY”)
PUBLIC SHAREHOLDING SPREAD PURSUANT TO RULE 8.15(1) OF THE REVAMPED LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) FOR THE MESDAQ MARKET ("MMLR") (“REQUIRED PUBLIC SHAREHOLDING SPREAD”)

Contents :

We refer to the announcements made in relation to the above subject matter.

Bursa Securities had vide its letter dated 23 August 2007 granted Rexit an extension of time of six (6) months until 1 January 2008 to comply with the Required Public Shareholding Spread.

As at 13 November 2007, the Company’s public shareholding spread stood at approximately 53.86% held in the hands of 659 public shareholders holding not less than 100 shares each. The Company has therefore complied with the public spread requirement of 25%. However, the Company has yet to meet the requirement for 1,000 public shareholders.

The Directors of Rexit are making every effort to improve the liquidity of Rexit’s Shares and the number of public shareholders to comply with the Required Public Shareholding Spread.

Rexit will make the necessary announcements in relation to the status of its efforts to comply with the Required Public Shareholding Spread for each quarter of its financial year in compliance with the MMLR.

This announcement is dated 27 November 2007.




2007, Bursa Malaysia Berhad. All Rights Reserved.