SENDAI

0.520

-0.035 (-6.3%)

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

EVERSENDAI CORPORATION BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-13052024-00001
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description
Eversendai Corporation Berhad - Reply to Query on 13 May 2024
Query Letter Contents

We draw your attention to the rise in price 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 the Main Market Listing Requirements ("LR"):

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 query dated 13 May 2024 (ref.: ILC-13052024-00011) from Bursa Malaysia Securities Berhad (“Bursa Securities”) regarding the sharp rise in price of the Company’s shares recently (”trading activity”).

After due enquiry on the matter with the Directors and major shareholder, the Board of Directors of Eversendai Corporation Berhad (“Board” or “the Company”) would like to confirm that to their best of their knowledge, the Board is not aware of any of the following items as listed below that may have contributed to the Unusual Market Activity other than matters that have already been announced:-

  • any corporate development relating to Eversendai Group’s business and affairs that has not been previously announced that may account for Unusual Market Activity including those in the state of negotiation/discussion;
  • any rumour or report concerning the business and affairs of Eversendai Group that may account for the trading activity; and
  • any other possible explanation to account for the trading activity.

Further, the Board wishes to confirm that the Company is in compliance with Paragraph 9.03, 9.09 and 9.10 of Bursa Securities Listing Requirements.

This announcement is dated 13 May 2024.





Announcement Info

Company Name EVERSENDAI CORPORATION BERHAD
Stock Name SENDAI
Date Announced 13 May 2024
Category General Announcement for PLC
Reference Number GA1-13052024-00045