Bursa Securities queries MMAG over price surge

TheStar Fri, Sep 11, 2020 04:01pm - 1 year View Original

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KUALA LUMPUR: The sharp rise in price and volume of MMAG Holdings Bhd shares recently has prompted Bursa Malaysia Securities to issue an unusual market activity (UMA) query.

Its share price rose to a high of 90 sen, up 15.5 sen earlier on Friday.

At 3.47pm, it was up 11 sen to 85.5 sen.

Bursa Securities advised investors to take note of the company’s reply to the above UMA query which will be posted at Bursa Malaysia’s website.

It queried MMAG whether there was 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.

It also asked if there was any rumour or report concerning the business and affairs of the group that may account for the trading activity.

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BURSA 6.800
MMAG 0.070


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