Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
MCE HOLDINGS BERHAD |
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-21092020-00006 |
Subject | Letter Subject or Reference - UNUSUAL MARKET ACTIVITY |
Description | Unusual Market Activity |
Query Letter Contents | We draw your attention to the sharp rise in price and volume of your Company’s shares recently (“trading activity”).
In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of Listing Requirements :
Yours faithfully, Bursa Malaysia Securities Berhad |
Reference is made to the letter dated 21st September 2020 from Bursa Malaysia Securities Berhad ('Bursa Securities') in relation to the sharp rise in price and volume of MCE Holding Berhad ('MCE') shares recently. In accordance with Paragraph 9.11 of the Main Market Listing Requirements ('MMLR') of Bursa Securities, the Board of Directors of MCE after having made due enquiries with all the Directors, those major shareholders that are immediately contactable and such other relevant persons, wishes to inform that to the best of their knowledge:
1. The Board is not aware of any corporate developments relating to the Group's business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. 2. The Board is not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity. 3. The Board is not aware of any possible explanation to account for the trading activity save and except for the following:
4. The Board is in full compliance with Bursa Securities MMLR, in particular Paragraph 9.03 on immediate disclosure obligations.
This announcement is dated 22nd September 2020.
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Announcement Info
Company Name | MCE HOLDINGS BERHAD |
Stock Name | MCEHLDG |
Date Announced | 22 Sep 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-22092020-00020 |