Ipmuda not aware of reason for spike in share price

TheStar Tue, Apr 27, 2021 03:45pm - 2 years View Original


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KUALA LUMPUR: Ipmuda Bhd, which was issued an unusual market activity (UMA) query by Bursa Malaysia Securities Bhd, is unaware of any reason for the sharp rise in the price and trading volume of its shares.

It said there was no corporate development that had not been previously announced and that the company was also not aware of any rumour or report concerning its business and affairs that might account for the trading activity.

"In line with the group’s asset rationalisation exercise to unlock and realise the value of its non-core assets, the board is continuously in identifying and discussion with various parties to further improve its financial position and also for working capital requirements,” it said in a filing with the exchange today.

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