JOHAN

0.055

(%)

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 :

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

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