Wednesday 24 Apr 2024
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KUALA LUMPUR (Jan 5): Cymao Holdings Bhd, whose shares jumped 28% today, has received an unusual market activity (UMA) query from Bursa Malaysia.

In a bourse filing, the group said it was hit with the query after the recent sharp rise in its share price.

Bursa Malaysia asked Cymao to declare if there are any corporate developments that have not been announced that could be the reason for the rise.

The company was also asked if there are any rumours surrounding Cymao’s business that may account for the elevated trading activity.

Cymao finished the trading day 27.86% or 39 sen higher at RM1.79, valuing the group at RM134.25 million. The counter saw 6.33 million shares exchanging hands.

Edited ByS Kanagaraju
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