KUALA LUMPUR (May 2): Asdion Bhd, which was slapped with an unusual market activity (UMA) query this morning, replied to the regulator today that it is actively exploring avenues to enhance shareholders value.

“The company is considering seeking professional advice to deliberate various options available to the company,” Asdion said in a stock exchange filing in the evening.

"However, at this juncture, nothing has been confirmed or materialised. In the event that a corporate exercise is proposed and deliberated by the board of directors, the company would make the necessary announcement,” it added.

Aside from that, Asdion said it is unaware of any corporate developments that may have accounted for the UMA, including those in the stages of negotiation or discussion.

Asdion shares slipped 0.5 sen or 1.06% to close at 46.5 sen today, after it shot up to an intraday high of 50 sen, leaving the group with a market capitalisation of RM54.07 million by market close. It saw 17.35 million shares traded.

The group’s share rally began in early April, when it shot up 28.5 sen or 158.3% within a month to hit its one-year high of 50 sen today from 18 sen on April 4.

According to the group's website, Asdion is involved in the specialised provision of advanced integrated business and operations solutions, focusing in particular in sectors like hospitality, recreational and supply chain logistics, and data services-related businesses.