Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
BSL CORPORATION BERHAD |
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-07012021-00002 |
Subject | Letter Subject or Reference - UNUSUAL MARKET ACTIVITY |
Description | BSL CORPORATION BERHAD ("BSL" OR "THE COMPANY") - REPLY TO QUERY: 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 query received from Bursa Malaysia Securities Berhad ("Bursa Securities") on 7 January 2021 pertaining to the sharp rise in price and volume of the Company's shares recently ("trading activity").
In accordance with Paragraph 9.11 of the Main Market Listing Requirements ("MMLR") 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 BSL 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 BSL Group that may account for the trading activity;
3. However, after consultation with major shareholder we were informed that earlier this week the major shareholder was verbally approached by a third party who shows an unsolicited interest to acquire its shareholding in BSL. We were also advised by our major shareholder that the discussion was only at the preliminary stage and it may or may not result in any firm offer by said third party. Therefore, shareholders are advised not to speculate in trading the shares of BSL. We will update our shareholders on the any material development of the above matter in line with the corporate disclosure policy of MMLR; and
4. The Company and the Board are in compliance with the MMLR, in particular Paragraph 9.03 of the MMLR on immediate disclosure obligations.
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Announcement Info
Company Name | BSL CORPORATION BERHAD |
Stock Name | BSLCORP |
Date Announced | 08 Jan 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-07012021-00080 |