Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
JOHAN HOLDINGS BERHAD |
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-08122020-00002 |
Subject | Letter Subject or Reference - UNUSUAL MARKET ACTIVITY |
Description | JOHAN HOLDINGS BERHAD ("JOHAN") - REPLY TO QUERY LETTER 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”).
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 |
1. The Board wishes to highlight that the Board is in the midst of deliberation and discussion of a potential new business venture which is in glove related products. There are no definitive terms and condition that are firmed and agreed by Johan at this juncture. Should the terms and conditions and the necessary due diligence be finalized, Johan will make relevant announcement on Bursa Securities on immediate basis.
2. The Board is not aware of any rumor or report concerning the business and affairs of the Group that may have contributed to the trading activity of Johan shares. In this respect, there is no rumor or report concerning the business and affairs of the Group that has come to the attention of the Board.
3. Save as disclosed in item 1, the Board is not aware of any other possible explanation to account for the trading activity.
4. Johan is in compliance with the provision of Main Market Listing Requirements of Bursa Securities, specifically on Paragraph 9.03 of the Listing Requirements pertaining to disclosure of material information.
The Board wishes to reiterate that there are no definitive terms and condition that are firmed and agreed/ entered by Johan at this juncture. Therefore, Investors and/ or shareholders are advised to take precaution while dealing with our shares. |
Announcement Info
Company Name | JOHAN HOLDINGS BERHAD |
Stock Name | JOHAN |
Date Announced | 08 Dec 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-08122020-00105 |