Xian Leng says no known reason for share price rise
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Xian Leng says no known reason for share price rise
Xian Leng says no known reason for share price rise
Friday, 5 June 2015KUALA LUMPUR: Ornamental fish trader Xian Leng Holdings Bhd, whose shares have risen 57% since the start of week, said it is unaware of the reason for the sharp rise in its share price.
“Tthe board of directors of Xian Leng, after having made due enquiry, wishes to advise that, to the best of their knowledge, there have been no undisclosed developments which would account for the unusual market activity,” it told Bursa Malaysia.
Based on the announcements on the exchange, there was no unusual market query issued by Bursa Securities to the arowana breeder on Friday or anytime this week.
Its last Bursa announcementsm on May 26, were the redesignation of director Augustine TK James as chairman, and its audited annual accounts for year ended Jan 31, 2015, whereby it made a net profit of RM503,465 against a net loss of RM1.897mil.
Xian Leng closed 11 sen higher at 56.5 sen on Friday, with 1.445 million shares traded.
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