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UMA Bursa slaps Globetronics with UMA query on sharp share price fall

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UMA Bursa slaps Globetronics with UMA query on sharp share price fall

Post by Cals Tue 26 Apr 2016, 04:48

UMA

[size=28]Bursa slaps Globetronics with UMA query on sharp share price fall

By Yimie Yong / theedgemarkets.com | April 25, 2016 : 9:35 PM MYT

KUALA LUMPUR (April 25): Bursa Malaysia has slapped an unusual market activity (UMA) query on Globetronics Technology Bhd on the sharp fall in its share price today.
The counter dipped as much as 91 sen or 17.2% to an intraday-low of RM4.38 today, before paring gains. The stock closed 85 sen or 16.07% lower at RM4.44, with some 15.11 million shares traded, for a market capitalisation of RM1.25 billion. It was the top loser on local bourse.
In a filing today, Bursa had requested Globetronics to disclose any corporate development, rumour or report concerning the business and affairs of the group, and any other possible reasons for the sharp fall in its share price today.
Globetronics is an integrated original equipment manufacturer (OEM), original design manufacturer (ODM) and contract manufacturer of semiconductor-based products.
The company has not responded to Bursa's UMA query at the time of writing.

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