Bursa issues UMA on Efficient E-Solutions

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KUALA LUMPUR (Sept 02): Bursa Malaysia has issued an Unusual Market Activity (UMA) query on the shares of Efficient E-Solutions Bhd, after the company's share price shot up 24% or six sen today.

The hardly-traded stock was the third most actively counter today, with 149 million shares changing hands.

Efficient E-Solutions Bhd’s largest shareholder is Singapore Post Enterprise Pte Ltd, which is a unit of Temasek Holdings (Pte) Ltd.

Ng Hin Lee, a Singaporean and a non-independent non-executive director of the company, stepped down from his position to “pursue other opportunities” on July 31, according to a filing on Bursa Malaysia.

Its latest financial results announced late last month, showed a net profit of RM3.05 million, from RM24.47 million in revenue for its six months ended 30 June 2014. It also has cumulative earnings per share (EPS) of 0.43 sen.