Friday 29 Mar 2024
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KUALA LUMPUR (Sept 9): NWP Holdings Bhd received an unusual market activity query today, after its share price fell by 22.08% to 30 sen yesterday.

Bursa Malaysia said it issued the query over the sharp fall in price and high trading volume of the company's shares recently. It also advised investors to take note of NWP's reply to the query when making their investment decision.

In its query, the exchange asked whether there is any corporate development relating to the 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 or discussion.

It also asked if there is any rumour or report concerning the business and affairs of the group that may account for the trading activity.

NWP was also asked if the company is aware of any other possible explanation to account for the trading activity and whether they are in compliance with Bursa Securities listing requirements, in particular on immediate disclosure obligations.

NWP's share price was down 0.5 sen to 29.5 sen at 3.10pm, with 10.2 million shares traded. This translates to a market value of RM96 million.

 

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