Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
|Type||Reply to Query|
|Reply to Bursa Malaysia's Query Letter - Reference ID||IQL-15092020-00005|
|Subject||Letter Subject or Reference - UNUSUAL MARKET ACTIVITY|
Unusual Market Activity
|Query Letter Contents||
We draw your attention to the sharp rise in price and volume of your 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 paragraph 9.11 of Listing Requirements :
Bursa Malaysia Securities Berhad
Reference is made to the letter dated 15 September 2020 from Bursa Malaysia Securities Berhad relating to the sharp rise in price and volume of Malton Berhad ("Malton") shares recently.
In accordance with Paragraph 9.11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“LR”), the Board of Directors of Malton (“Board”) after having made due enquiries with all the Directors, major shareholders and such other relevant persons, wishes to inform that to the best of their knowledge, the following:
1. There is no corporate development relating to the business and affairs of Malton and its subsidiaries’ (“Group”) that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. As part of normal corporate activities, the management frequently explores potential business proposals which may enhance the earnings of the Group;
2. The Board is not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity;
3. The Board is not aware of any other possible explanation to account for the trading activity; and
4. The Company is in compliance with Paragraph 9.03 of the LR, and will make the necessary announcement to Bursa Malaysia Securities Berhad of any material information in compliance with the LR on immediate disclosure obligations.
This announcement is dated 15 September 2020.
|Company Name||MALTON BERHAD|
|Date Announced||15 Sep 2020|
|Category||General Announcement for PLC|