Thursday 28 Mar 2024
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KUALA LUMPUR (Aug 22): Yen Global Bhd, which saw its share price hit a five-year high of RM1.16 today, said it is not aware of the reason behind the unusual market activity (UMA).

In its reply to the UMA query issued by Bursa Malaysia, the apparels manufacturer, which also has interests in telecommunications, said it was unaware of any corporate developments, rumour, report or any other possible explanation for the increase in the company's share price.

Yen Global shares, which were trading at 86 sen on Aug 1, closed at a five-year high of RM1.16 today, a 35% increase in a matter of three weeks.

Green Packet Bhd had on Aug 3 purchased a 22% stake in Yen Global, to tap the latter's subsidiary, which is engaged in the Internet of Things (IoT)-related business.

 

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