SMI

0.440

+0.025 (+6%)

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-15022023-00004
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description
UNUSUAL MARKET ACTIVITY
Query Letter Contents

We draw your attention to the sharp rise in price and volume 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 :

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 letter dated 15 February 2022 received from Bursa Malaysia Securities Berhad ("Bursa Securities") querying on the unusual market activities ("UMA") of the Company in relation to the recent sharp rise in price and volume of the Company's shares.

 

The Board of Directors of South Malaysia Industries Berhad ("Board") wishes to confirm that, to the best of ur knowledge and after making due enquiry with all the Company's directors, major shareholder as well as such other relevant persons, the following:

 

1. The Board is not aware of any corporate development relating to the 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. 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 Bura Securities Listing Requirments on immediate disclosure obligations.

 

The announcement is dated 15 Februaryn 2023.

 

 

 





Announcement Info

Company Name SOUTH MALAYSIA INDUSTRIES BERHAD
Stock Name SMI
Date Announced 15 Feb 2023
Category General Announcement for PLC
Reference Number GA1-15022023-00086