Friday 29 Mar 2024
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KUALA LUMPUR (July 9): Kumpulan H&L High-Tech (H&L) Berhad, whose share price hit limit up after jumping 30% today, has received an unusual market activity (UMA) query from Bursa Malaysia over the recent spike in its share price and volume.

The bourse queried whether there is any unannounced rumour, report or corporate development concerning the group’s business and affairs – or any other explanation – that can account for the unusual trading activity.

It ordered the engineering services provider to respond to the query after making due enquiry with its directors, major shareholders and such other relevant persons.

Over the past week and a half, H&L’s share price has more than doubled from its closing price of RM2.00 on June 28.

The counter climbed RM1.30 to settle at RM5.64 today, giving it a market capitalisation of RM206.29 million, after 17.86 million shares were traded.

Edited ByTan Choe Choe
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