BSLCORP

0.655

(%)

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 :

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 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.

 





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