SAAG-Unusual Market Activity ("UMA" query by Bursa Securities
Contents
:
Bursa Malaysia Securities Berhad has on 11 June 2009 issued an UMA query on the trading of the Company’s securities.
In this respect, investors are advised to takenote of the Company’s reply to the above UMA query which will be postedat Bursa Malaysia’s website under the company announcements, http://announcements.bursamalaysia.com when making their investment decision.
The contents of the UMA query is as follows:-
UNUSUAL MARKET ACTIVITY
We draw your attention to the persistent high trading interest in your Company's securities recently.
In accordance with the Corporate DisclosurePolicy on Response To Unusual Market Activity pursuant to paragraph9.11 of the Listing Requirements of Bursa Malaysia Securities Berhad("Bursa Securities LR", you are requested to furnish Bursa MalaysiaSecurities Berhad ("Bursa Securities" with an announcement for publicrelease after making due enquiry with the directors and majorshareholders seeking the cause of the unusual market activity in theCompany’s shares.
In this respect, you are also required to publicly confirm, amongst others, the following:-
1. whether there is any corporate developmentrelating to your Group’s business and affairs that has not beenpreviously announced that may account for the unusual market activityincluding those in the stage of negotiation / discussion. If yes,kindly provide the details including the status of the corporatedevelopment to enable investors to make informed investment decision;
2. whether there is any rumour or reportconcerning the business and affairs of the Group that may account forthe unusual market activity and in this respect, you are required tocomply with paragraphs 9.09 and 9.10 of the Bursa Securities LR;
3. whether you are aware of any other possible explanation to account for the unusual market activity; and
4. your compliance with the Bursa Securities LR,in particular paragraph 9.03 of the Bursa Securities LR on immediatedisclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK