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UMA Bursa Malaysia queries Idea Jacobs

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UMA Bursa Malaysia queries Idea Jacobs Empty UMA Bursa Malaysia queries Idea Jacobs

Post by Cals Thu 07 Aug 2014, 00:59

UMA Bursa Malaysia queries Idea Jacobs
Business & Markets 2014
Written by Jonathan Gan of theedgemalaysia.com   
Wednesday, 06 August 2014 13:54

KUALA LUMPUR (Aug 06): Ideal Jacobs (M) Corporation Bhd has been queried by Bursa Malaysia on its unusual market activity (UMA).
At the mid-market break today, the company shares had risen 1 sen to 66 sen with a trading volume of some 8.7 million trades.
Shares of the company have seen a 53% rise where it has rose to a closing price of 65 sen yesterday from 42.5 sen since July 17.
The market regulator has asked the company to disclose any corporate developments and rumours it has in accordance with Rule 9.11 of the ACE Market listing requirements.
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