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UMA Datasonic ‘not aware’ of cause for share price rise

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UMA Datasonic ‘not aware’ of cause for share price rise Empty UMA Datasonic ‘not aware’ of cause for share price rise

Post by Cals Tue 18 Feb 2014, 17:35

UMA Datasonic ‘not aware’ of cause for share price rise
Business & Markets 2014
Written by Jeffrey Tan of theedgemalaysia.com   
Tuesday, 18 February 2014 14:44

KUALA LUMPUR (Feb 18): Datasonic Group Bhd said it was "not aware" of the any corporate development which could have led to the recent rise in its share price.  

The electronic-identification specialist's statement on Bursa Malaysia's  website was in response to an unusual market activity (UMA) query by the exchange regulator.

"The DGB Group (Datasonic) is continuously looking for business opportunities to expand our business, improve our margins and mitigate any unforeseen circumstances," Datasonic said. 

Datasonic said appropriate announcements would be made if and when any of these business opportunities materialised.

The stock rose as much as 27 sen or 9% to RM3.44 so far today. Bloomberg data shows that this is its highest intraday price since Datasonic's listing on September 3, 2012, 

The stock reduced gains to RM3.24 at 12.30pm with some 13 million shares done. 

Datasonic said trading of the stock is being suspended between 2.30pm and 3.30pm today.
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