Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
SUPERCOMNET TECHNOLOGIES BERHAD |
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-22062020-00002 |
Subject | Letter Subject or Reference - UNUSUAL MARKET ACTIVITY |
Description | Supercomnet Technologies Berhad ("the Company") - Reply query on 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”).
Yours faithfully, Bursa Malaysia Securities Berhad |
Reference is made to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated June 22, 2020 pertaining to the sharp rise in price and volume of the Company’s shares recently (“trading activity”).
In accordance with Rule 9.11 of the ACE Market Listing Requirements (“AMLR”) of Bursa Securities, the Company, after making due enquiry with the Board of Directors (“Board”) and major shareholders of the Company and to the best of their knowledge, wish to inform that as at todate:-
(1) We are not aware of any corporate development relating to Supercomnet Group’s business and affairs that has not been previously announced that may account for the trading activity;
(2) We are not aware of any rumour or report concerning the business and affairs of Supercomnet Group that may account for the trading activity.
(3) We are not aware of any other possible explanation to account for the trading activity; and
(4) The Company and the Board are in compliance with the AMLR of Bursa Securities, in particular Rule 9.03 of the AMLR on immediate disclosure obligations.
This announcement is dated June 23, 2020.
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Announcement Info
Company Name | SUPERCOMNET TECHNOLOGIES BERHAD |
Stock Name | SCOMNET |
Date Announced | 23 Jun 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-23062020-00031 |