UMA Bursa slaps UMA query on Aemulus over share price, volume spike

by **Cals** Fri 02 Oct 2015, 00:42

UMA

[size=28]Bursa slaps UMA query on Aemulus over share price, volume spike

By Meena Lakshana / theedgemarkets.com | October 1, 2015 : 6:43 PM MYT

KUALA LUMPUR (Oct 1): Aemulus Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: N/A, Fundamental: N/A), which was listed on the ACE Market of Bursa Malaysia on Sept 15, received its first unusual market activity (UMA) query from Bursa Securities (Valuation: 2.10, Fundamental: 2.30) on the sudden rise in volume and price of the Penang-based semiconductor company's shares today.

In a statement today, the regulator advised investors to take note of the company's reply to the UMA query, which will be posted on Bursa Malaysia's website under the company announcements.

Aemulus' shares rose as much as 14% to an all-time high of 57 sen in early trades, before closing 13.13% or 6.5 sen higher at 56 sen today, with 84.21 million shares done.

Its market capitalisation stood at RM245.76 million.

On Sept 18, Khazanah Nasional Bhd became the second largest shareholder of Aemulus after the sovereign wealth fund's wholly-owned unit Bombalai Hill Ventures Sdn Bhd purchased a 15% equity stake in Aemulus. Bombalai had subscribed to 65.83 million shares in Aemulus' share placement on Sept 11.

The shares were bought days before Khazanah chairman Datuk Seri Najib Razak, who is also prime minister, announced that an additional RM20 billion would be injected into ValueCap Sdn Bhd, in which the government investment fund has a stake, to support the local market by investing in undervalued stocks.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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