UNUSUAL MARKET ACTIVITY

M3 TECHNOLOGIES (ASIA) BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-24082016-00003
Subject UNUSUAL MARKET ACTIVITY
Description
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "THE COMPANY")
-	UNUSUAL MARKET ACTIVITY
Query Letter Contents

We draw your attention to the sharp fall in price of the Company’s shares recently (“trading activity”).

In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with Rule 9.11 of Listing Requirements:

1. Whether there is any corporate development relating to your 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/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions;


2. 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 Rules 9.09 and 9.10 of Bursa Securities LR;      


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


4. Whether you are in compliance with the Bursa Securities LR, in particular Rule 9.03 of the Bursa securities LR on immediate disclosure 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.

 

Yours faithfully,
 

SUZALINA HARUN
Senior Vice President, Issuers
Listing Division, Regulation

NMA



Please refer attachment below.



Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 25 Aug 2016
Category General Announcement for PLC
Reference Number GA1-25082016-00038