Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
SOUTH MALAYSIA INDUSTRIES BERHAD |
Type | Reply to Query |
Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-05092022-00002 |
Subject | Letter Subject or Reference - UNUSUAL MARKET ACTIVITY |
Description | UNUSUAL MARKET ACTIVITY |
Query Letter Contents | We draw your attention to the sharp fall in price of your Company’s shares today (“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 letter dated 5 September 2022 received from Bursa Malaysia Securities Berhad (“Bursa Securities”) querying on the unusual market activity (“UMA”) of the Company in relation to the recent sharp fall in price of the Company’s shares.
The Board of Directors of South Malaysia Industries Berhad (“Board”) wishes to confirm that, to the best of our knowledge and after making due enquiry with all the Company’s directors, major shareholder as well as such other relevant persons, the following:
2. The Board is not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity.
3. The Board is not aware of any possible explanation to account for the trading activity.
4. The Group is in compliance with the Bursa Securities Listing Requirements, in particular Paragraph 9.03 of the Bursa Securities Listing Requirements on immediate disclosure obligation.
This announcement is dated 5 September 2022.
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Announcement Info
Company Name | SOUTH MALAYSIA INDUSTRIES BERHAD |
Stock Name | SMI |
Date Announced | 05 Sep 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-05092022-00067 |