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NewsSarawak Consolidated says unaware of reason for unusual market activity
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Sarawak Consolidated says unaware of reason for unusual market activity
by hlk Wed 27 Jul 2011, 22:03
KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) said it was not aware of any any corporate developments or rumours concerning its business that caused of the unusual market activity (UMA) in the company’s shares on Wednesday, July 27.
It said this in response to Bursa Malaysia Securities Bhd’s UMA query to the company earlier in the day after the stock hit limit-up in the morning trading session.
“After making due enquiry with our directors and major shareholders seeking the cause of the unusual market activity in the Company’s shares, SCIB is not aware of any corporate development, rumour or other possible explanation to account for the unusual market activity,” it said.
SCIB closed 30 sen higher at 65 sen with 5.61 million shares done.
Bursa had said in its query that accordance with the Listing Requirements, SCIB was to publicly confirm if there were any corporate developments or rumours concerning the business that may account for the UMA.
It said this in response to Bursa Malaysia Securities Bhd’s UMA query to the company earlier in the day after the stock hit limit-up in the morning trading session.
“After making due enquiry with our directors and major shareholders seeking the cause of the unusual market activity in the Company’s shares, SCIB is not aware of any corporate development, rumour or other possible explanation to account for the unusual market activity,” it said.
SCIB closed 30 sen higher at 65 sen with 5.61 million shares done.
Bursa had said in its query that accordance with the Listing Requirements, SCIB was to publicly confirm if there were any corporate developments or rumours concerning the business that may account for the UMA.
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