Friday 29 Mar 2024
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KUALA LUMPUR (April 26): Bursa Malaysia has slapped an unusual market activity (UMA) query on Spring Gallery Bhd on the sharp rise of its share price recently.

At 9.37am today, Spring Gallery jumped 14 sen or 11.48% to RM1.36 with 6.81 million shares traded.

In a filing today, Bursa had requested Spring Gallery to disclose any corporate development, rumour or report concerning the business and affairs of the group, and any other possible reasons for the sharp fall in its share price today.

Spring Gallery operates in two segments: ceramic, which is engaged in the marketing of pottery and porcelain products and ceramics wares and ornaments, and oil and gas, which was discontinued and was engaged in fabrication of oil and gas steel structures and platforms.

The company has not responded to Bursa's UMA query at the time of writing.

 

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