DATAPRP

0.120

(%)

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

DATAPREP HOLDINGS BHD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-01032021-00003
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description
Dataprep Holdings Bhd (Dataprep)
-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

Reply to Query Reference is made to the letter dated 1 March 2021 (IQL-01032021-00003) from Bursa Malaysia Securities Berhad (“Bursa Securities”) regarding the surge in the price and volume of Dataprep Holdings Bhd (“Dataprep”)’s shares (“trading activity”).

 

The Board of Directors of Dataprep wishes to inform that to the best of their knowledge and after due enquiry on the matter with its Directors and major shareholders, Dataprep is not aware of any of the following as listed below as no. 1 to 4, that may have contributed to the unusual market activity other than the announcements dated 16 February 2021 and 23 February 2021 in relation to the Proposed Private Placement and the announcement on 15 February 2021 in relation to the proposed acquisition of 510,000 ordinary shares in RIDAA Associates Sdn Bhd representing 51% of the total issued and paid-up share capital:

 

  1. Any corporate development relating to Dataprep 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.
  2. Any rumours or report concerning the business and affairs of Dataprep Group that may account for the trading activity.
  3. Any other possible explanation to account for the trading activity.
  4. Any material information that requires immediate disclosure in accordance with Paragraph 9.03 of the Listing Requirements.

 

Dataprep Group has been continuously working for new opportunities to enhance the value of the Company. The Board of Directors will make the necessary announcement and comply with Bursa Securities Listing Requirements, in particular Paragraph 9.03 of The Main Market Listing Requirements on immediate disclosure obligations.

 

This announcement is dated 2 March 2021.





Announcement Info

Company Name DATAPREP HOLDINGS BHD
Stock Name DATAPRP
Date Announced 02 Mar 2021
Category General Announcement for PLC
Reference Number GA1-02032021-00025