Dataprep says it is unaware of reasons for share price movement in response to Bursa’s UMA query

Dataprep says it is unaware of reasons for share price movement in response to Bursa’s UMA query
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KUALA LUMPUR (March 2): Dataprep Holdings Bhd, whose share price hit a record high of RM1.75 today, said it is not aware of any corporate development relating to its business that has not been previously announced as well as any rumours, reports or possible explanation that may account for its unusual trading activity. 

It an announcement to Bursa Malaysia today, the company also noted that it is unaware of any material information that requires immediate disclosure in accordance with Paragraph 9.03 of the Listing Requirements except for the announcements on the proposed private placement and proposed acquisition of 510,000 ordinary shares in RIDAA Associates Sdn Bhd representing 51% of the total issued and paid-up share capital.

“The board of directors will make the necessary announcement and comply with Bursa Securities Listing Requirements, in particular Paragraph 9.03 of The Main Market Listing Requirements on immediate disclosure obligations,” it said in response to Bursa’s unusual market activity (UMA) query over the sharp rise in its share price and trading volume recently.

Dataprep, an information technology service provider, added that it has been continuously looking for new opportunities to enhance the value of the company.

At noon break, shares of Dataprep settled up 24 sen or 16.67% to RM1.68 with 52.98 million shares done. This valued the group at RM1.01 billion.

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Bursa queries Dataprep as share price rises to record high 

Joyce Goh