Thursday 28 Mar 2024
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KUALA LUMPUR (March 17): Aturmaju Resources Bhd was not aware of what could have excited investors to heavily trade its shares and consequently push the price to the highest in nearly a decade, according to the wood products manufacturer's filing with Bursa Malaysia today.

The filing served as a response to Bursa Malaysia Securities Bhd's query on the unusual market activity (UMA) today. The regulator had asked whether Aturmaju had any corporate development or rumours that have not been previously announced and that may account for the trading activity, including those at the stage of negotiation or discussion.

Aturmaju said it was not aware of any of those things, after making enquiries with all of its directors, major shareholders, and such other relevant persons.

"The board of directors and major shareholders have further confirmed that they have not acquired shares in the company recently," it added.

This is the second time Bursa Securities had issued a UMA query to Aturmaju in a span of three weeks. Aturmaju had also denied having any knowledge about what had caused the unusual trading in its Feb 24 response to the regulator.

This counter made huge climbs since entering 2016, where it has gained 158.33% from Dec 31, 2015's close of 60 sen.

Today, it closed at an eight-year high of RM1.55, gaining three sen, after 8.88 million shares changed hands.

Since Aturmaju was listed in 2004, the company has received three UMA queries, with the first being issued on July 31, 2008.

It has a market capitalisation of RM94.71 million.

 

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