Bursa issues UMA query to CYL Corp

TheEdge Wed, Nov 30, 2022 12:27pm - 1 year View Original

KUALA LUMPUR (Nov 30): Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to CYL Corp Bhd following a sharp rise in its share price and trading volume recently. 

At noon, CYL Corp had fallen 4.84% or six sen to RM1.18 a share, with 726,700 shares traded.

"Investors are advised to take note of the company's reply to the above UMA query, which will be posted on Bursa's website under the company announcements [section], when making their investment decisions," the exchange said in a statement on Wednesday (Nov 30).

CYL Corp is an investment holding company, and through its subsidiary Perusahaan Jaya Plastik (M) Sdn Bhd is engaged in the business of manufacturing and supplying of plastic packaging products in Malaysia.

Read also:
CYL Corp says not aware of reason for UMA

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