Wednesday 24 Apr 2024
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KUALA LUMPUR (March 30): YKGI Holdings Bhd has been slapped with an unusual market activity (UMA) query by Bursa Malaysia, after its share price rose 7.14% in late-morning trade.

At 11.54am, the counter instead fell 1.5 sen or 5.36% to 26.5 sen, with 6.26 million shares done, for a market capitalisation of RM97.5 million.

In a filing with Bursa Malaysia, YKGI was asked whether there was any corporate development relating to the Group’s business and affairs that has not been announced previously, including those in the stage of negotiation and discussion.

“Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;      

“Whether you are aware of any other possible explanation to account for the trading activity.

“Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR, on immediate disclosure obligations,” Bursa Malaysia asked YKGI.

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