Euro Holdings says unaware of reasons behind UMA

Euro Holdings says unaware of reasons behind UMA
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KUALA LUMPUR (Jan 5): Euro Holdings Bhd, which was issued an unusual market activity (UMA) query by Bursa Malaysia Securities earlier today, said it is unaware of any reason that could account for the recent sharp rises in its share price and trading volume.

In response to Bursa's UMA query, the office furniture maker said in a stock exchange filing that it is not aware of any corporate development in relation to its affairs that has not been previously disclosed that might account for the trading activity, or any rumour or report that could explain the UMA.

It also said it is in compliance with listing requirements, especially the ones on immediate disclosure obligations.

Euro Holdings' share price surged 52 sen or 15.2% to an all-time high of RM3.94 today. It later pared some of the gains to close at RM3.76, still up 34 sen or 9.94%, with some 6.6 million shares done. This gave it a market capitalisation of RM3.02 billion.

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Euro Holdings hits record high in active trade, prompts Bursa UMA query

Tan Choe Choe