Article Entitled: "Widespread hacks hit stock trading accounts in Malaysia"
| EXCEL FORCE MSC BERHAD |
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-25042025-00002 |
| Subject | Article Entitled: "Widespread hacks hit stock trading accounts in Malaysia" |
| Description | CLARIFICATION ON NEWS ARTICLE FEATURED IN THE EDGE MALAYSIA ON 25 APRIL 2025 |
| Query Letter Contents | We refer to the above media article appearing in The Edge Malaysia dated 25 April 2025, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentences which are reproduced as follows :-
In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentences after due and diligent enquiry with all the directors, major shareholders and all such other person reasonably familiar with the matters about which the disclosure is to made in this respect. In the event you deny the above reported sentences or any other part of the article, you are required to set forth facts sufficient to support the same.
Please furnish Bursa Securities with your reply via Bursa Link within one (1) market day from the date hereof.
Yours faithfully
Listing
We refer to the above media article appearing in The Edge Malaysia dated 25 April 2025, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentences which are reproduced as follows :-
In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentences after due and diligent enquiry with all the directors, major shareholders and all such other person reasonably familiar with the matters about which the disclosure is to made in this respect. In the event you deny the above reported sentences or any other part of the article, you are required to set forth facts sufficient to support the same.
Please furnish Bursa Securities with your reply via Bursa Link within one (1) market day from the date hereof.
Yours faithfully
Listing
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We refer to your letter of 25 April 2025 on the above media article that appeared in the The Edge Malaysia, and specifically to a sentence in the article as follows –
“Malaysia has two main providers of direct market access platform services for stockbroking firms: N2N Connect Bhd (KL:N2) and Excel Force MSC Bhd (KL:EFORCE).”
After due and diligent enquiry with all the directors, major shareholders and all such other person reasonably familiar with the matters, we affirm that we are one of 2 main system providers for share trading solutions for brokers in Malaysia.
We noted that Securities Commission and Bursa Malaysia have issued a joint media statement on 25 April 2025 stating that a few brokers have identified failed client logins or unauthorised access and trading activities executed via limited clients’ online trading accounts in the afternoon of 24 April 2025.
We would like to clarify that no reports matching the aforesaid described incident was received from any of our customers on 24 April 2025 and 25 April 2025. All systems and applications operated normally in both our data centre and customers’ own premises. Nonetheless, we remain alert and vigilant as always.
We are now working closely with our customers to implement those actions recommended by the regulators in their joint media statement to minimise risk of further unauthorised access and/or trading.
The incident has not resulted in, and is not anticipated to result in, any material financial or operational impact on the Company or the Group.
This announcement is dated 28 April 2025.
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Announcement Info
| Company Name | EXCEL FORCE MSC BERHAD |
| Stock Name | EFORCE |
| Date Announced | 28 Apr 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-28042025-00008 |