KUALA LUMPUR (Dec 29): Kim Teck Cheong Consolidated Bhd (KTC Consolidated) said it is not aware of any reason for the unusual market activity (UMA) that resulted in the sharp rise in price and volume of its shares recently.

“There has not been any corporate development related to our group’s business and affairs that has not been previously announced, that may account for the trading activity, including those in the stage of negotiation/discussion,” said KTC Consolidated in a reply to an UMA query by Bursa Malaysia today.

The Sabah-based consumer packaged goods distributor added that there is no rumour or report concerning the group's business and affairs, that may account for the unusual trading activity.
 
KTC Consolidated saw its share price surge 22.58% to 38 sen on Monday (Dec 28), from a closing price of 31 sen on Dec 23, just before the Christmas break. The trading volume amounted to 143 million shares.
 
The counter closed one sen or 2.63% lower at 37 sen today, for a market capitalisation of RM194.3 million.

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