Thursday 28 Mar 2024
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KUALA LUMPUR (June 19): Trive Property Group Bhd said it was not aware of any possible explanation that may account for the unusual market activity (UMA), save for the fact that the company has regularised the default payment on June 8.

In a filing to the local bourse, Trive which was slapped with an UMA by the regulator today, say to the best of the Board’s knowledge and after making due enquiry with all company directors and such other relevant persons, it was not aware of any corporate development relating to the business and affairs of the group that has not been previously announced, that may account for the UMA, including those in the stage of negotiation/discussion.

The developer is also unaware of any rumour or report concerning the business and affairs of the group that may account for the UMA.

“Save for the fact that the Company has regularised the default in payment pursuant to Paragraph 9.19A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (Previously, PN1 Status), we are not aware of any possible explanation that may account for the UMA,” it added.

It also confirmed that the company is in compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, in particular Paragraph 9.03 of the Main LR on immediate disclosure obligations.

Its shares has more than doubled to 10.5 sen today, from 4.5 sen — the closing price it recorded on June 8. As at 5 p.m., the stock had pared some gains and was trading at 10 sen, still up 42.86%, giving it a market capitalisation of RM120.81 million.

Trading volume today was at 180.53 million, significantly higher than its 200-day average volume of 4.22 million. Year-to-date, the counter has gained 90%.

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