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Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

GUOCOLAND (MALAYSIA) BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-14122020-00003
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description
GuocoLand (Malaysia) Berhad ("GLM" or the "Company")

Unusual Market Activity Query
Query Letter Contents

We draw your attention to the sharp rise in price and volume of your Company’s shares today (“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 :

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 Paragraphs 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 Paragraph 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,

Bursa Malaysia Securities Berhad

We refer to the letter dated 14 December 2020 from Bursa Malaysia Securities Berhad (“Bursa Securities”) in relation to the sharp rise in price and volume of the Company’s shares yesterday (“Trading Activity”).

The Company would like to confirm that after making due enquiry with the Directors and major shareholders of the Company, the Company is not aware of the following:

  1. any corporate development relating to GLM Group’s business and affairs that has not been previously announced that would account for the Trading Activity;
  2. any rumour or report concerning GLM Group’s business and affairs that would account for the Trading Activity; and
  3. any other possible explanation that would account for the Trading Activity.

The Company will make the necessary announcement to Bursa Securities of any material information in compliance with paragraph 9.03 of the Main Market Listing Requirements of Bursa Securities on immediate disclosure obligations.

This announcement is dated 15 December 2020.





Announcement Info

Company Name GUOCOLAND (MALAYSIA) BERHAD
Stock Name GUOCO
Date Announced 15 Dec 2020
Category General Announcement for PLC
Reference Number GA1-14122020-00111




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