MALTON

0.390

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Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

MALTON BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-15092020-00005
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 :

1. Whether there is any corporate development relating to your 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. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions
2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;      
3. Whether you are aware of any other possible explanation to account for the trading activity; and       
4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.


Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.

 

Yours faithfully,

Bursa Malaysia Securities Berhad

Reference is made to the letter dated 15 September 2020 from Bursa Malaysia Securities Berhad relating to the sharp rise in price and volume of Malton Berhad ("Malton") shares recently.

 

In accordance with Paragraph 9.11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“LR”), the Board of Directors of Malton (“Board”) after having made due enquiries with all the Directors, major shareholders and such other relevant persons, wishes to inform that to the best of their knowledge, the following:

 

1.       There is no corporate development relating to the business and affairs of Malton and its subsidiaries’ (“Group”) that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.  As part of normal corporate activities, the management frequently explores potential business proposals which may enhance the earnings of the Group;

 

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 other possible explanation to account for the trading activity; and

 

4.       The Company is in compliance with Paragraph 9.03 of the LR, and will make the necessary announcement to Bursa Malaysia Securities Berhad of any material information in    compliance with the LR on immediate disclosure obligations. 

 

This announcement is dated 15 September 2020.





Announcement Info

Company Name MALTON BERHAD
Stock Name MALTON
Date Announced 15 Sep 2020
Category General Announcement for PLC
Reference Number GA1-15092020-00087