Bursa Securities queries KBB Resources

by **hlk** Wed 22 Jun 2011, 13:48

KUALA LUMPUR: Bursa Malaysia Securities Bhd has queried KBB RESOURCES BHD [] (KBB) Bhd over the unusual market activity in the trading of its shares.

The stock exchange said on Wednesday, June 22 it issued the query following the sharp increase in price and high volume in the company's shares.

At 10.25, it was up 3.5 sen to 40.5 sen with 22.58 million shares done.

Bursa Securities queried KBB on whether there was any corporate development relating to the group's business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation/discussion.

It also queried whether there was any rumour or report concerning the business and affairs of the group that may account for the unusual market activity.