This project is about Litespeed Education Technologies Berhad, which later change its name to Eduspec Holdings Berhad (code number 0107), a company facing financial problems and was identified by Bursa Malaysia as a General Note 3 (GN3) company on 30^th June, 2009. Information about events related to the financial problems are discussed in the "General Announcements" of "Company Announcements" in the Bursa Malaysia's website. Annual reports could be obtained from "Company Announcements" in the Bursa Malaysia's website or from DataStream. Based on the company that is assigned to you, answer the following questions.

1) Look at the THREE major shareholders of the company for the last three years before the restructuring or from 2006-2008 (if available, if not just use as many years as possible). What are their percentage of ownership each year for these three years? Do you see any downward trend? What does that imply?

2) Following the restructuring, what is the percentage of shares allocated to the "old" shareholders? ("Old" shareholders refer to shareholders before the restructuring). What is the percentage of shares owned by "new" shareholders? ("New" shareholders refer to shareholders that are brought in subsequent to the restructuring). Who control the company after the restructuring? Is it the same as the major shareholders in question 1?