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”).
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 |