SAM

4.680

+0.05 (+1.1%)

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

SAM ENGINEERING & EQUIPMENT (M) BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-24092021-00001
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description
SAM Engineering & Equipment (M) Berhad
Letter Subject or Reference - 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.

Reference is made to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 24 September 2021 pertaining to the sharp rise in price and volume of the shares of SAM Engineering & Equipment (M) Berhad (“SAMEE” or “Company”) recently (“trading activity”).

 

After having made due enquiry with the Board of Directors (“Board”), major shareholders of the Company and such other relevant persons, the Company’s reply to the query by Bursa Securities are as follows: -

  1. The management provides regular updates, including at its 27th Annual General Meeting (“27th AGM”) held on 24 August 2021 and the latest investor briefing conducted on 22 September 2021. The minutes of the 27th AGM and presentation slides pertaining to the said briefing are available at the Company’s website: https://www.sam-malaysia.com/company-presentation.html. Whilst the management continuously pursues business opportunities, the Board is not aware of any specific corporate development relating to SAMEE Group’s business and affairs that has not been previously announced which might account for the trading activity;
  2. The Board is not aware of any rumour or report concerning the business and affairs of SAMEE Group that may account for the trading activity;
  3. The Board is not aware of any other possible explanation to account for the trading activity; and
  4. The Company is in compliance with the Main Market Listing Requirements (“MMLR”) of Bursa Securities, in particular Paragraph 9.03 of the MMLR on immediate disclosure obligations.

This announcement is dated 24 September 2021.





Announcement Info

Company Name SAM ENGINEERING & EQUIPMENT (M) BERHAD
Stock Name SAM
Date Announced 24 Sep 2021
Category General Announcement for PLC
Reference Number GA1-24092021-00060