#UMA* Bursa slaps query on JMR Conglomeration

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KUALA LUMPUR (Jan 8): JMR Conglomeration Bhd has been slapped with an unusual market activity (UMA) query by Bursa Malaysia on the sharp rise in the price of its shares.

JMR has been ordered to respond to Bursa’s queries immediately for public release, after making due enquiry with its directors, major shareholders and other relevant persons.

Bursa queried of any corporate development, rumour or report concerning the business and affairs of the group that might account for the trading activity.

“We also have ordered Hoover to explain if it is aware of any other possible explanation to account for the trading activity,” said Bursa.