Thursday 28 Mar 2024
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KUALA LUMPUR (June 9): Eonmetall Group Bhd, a flat steel product maker, said it is not aware of the reason behind its share price rally recently.

In a filing with Bursa Malaysia, the group said it is not aware of any corporate development relating to its business and affairs that has not been previously announced, which resulted in the said unusual trading activities.

Eonmetall also said it is not aware of any rumour or report regarding its business and affairs, nor any other possible explanation to account for the sudden surge in share price.

Earlier today, the local exchange has issued an unusual market activity query to Eonmetall on the drastic change in the group’s share price.

Since beginning of this year, the group has seen its share price rocketed by 2.69 times.

In the past three days alone, Eonmetall’s share price has surged by 23 sen or 36.51% to close at 86 sen today, valuing it at RM168.65 million.

The counter rose by three sen or 3.61% by market close.

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