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Bursa Securities queries TMS after spike in price, volume

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Bursa Securities queries TMS after spike in price, volume Empty Bursa Securities queries TMS after spike in price, volume

Post by hlk Thu 19 Jan 2012, 18:51

KUALA LUMPUR (Jan 19): Bursa Malaysia Securities Bhd has queried THE MEDIA SHOPPE BHD [] (TMS) over the sharp
rise in price and high volume of the securities on Thursday.
It issued the unusual market activity after its shares jumped nine sen to 18 sen with 104.69 million shares done at midday. Its
warrants rose 10.5 sen to 11 sen with 96.31 million units done.
TMS’s 312.63 million new shares of 10 sen each and 234.47 million warrants were granted listing and quotation on Thursday.
The shares were issued pursuant to the rights issue on the basis of two rights shares for every one share held with up to
238.93 million free detachable warrants on the basis of three warrants for every four rights shares subscribed at the issue
price of 10 sen per rights share.
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