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UMA Microlink gets UMA query after surge in share price

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UMA Microlink gets UMA query after surge in share price

Post by Cals Sat 02 Jul 2016, 03:38

UMA

[size=28]Microlink gets UMA query after surge in share price

By Christina Ramani / theedgemarkets.com | July 1, 2016 : 4:17 PM MYT

KUALA LUMPUR (July 1): Microlink Solutions Bhd was issued an unusual market activity (UMA) query by Bursa Malaysia today after the recent surge in its share price.

Its share price, which was trading at RM1.22 on June 23, has leapt 33.6% in just a week.

At 3.49pm today, the computer software developer's shares were trading up 0.62% or 1 sen at RM1.63, after 264,500 shares were exchanged.

In the UMA query, the regulator asked Microlink if there were any corporate developments or rumours relating to the company that had not been previously announced, that could account for the change in trading activity.

Bursa Malaysia also asked investors to take note of the company's reply in order to make better investment decisions.
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Cals: Administrator; Posts : 25277 Credits : 57721 Reputation : 1766
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