Reference is made to the query letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 21 January 2022 regarding the sharp rise in price of Woodlandor Holdings Berhad’s (“the Company”) shares recently (“Trading Activity”).
The Board of Directors of the Company (or the “Board”), after making due enquiry on the matter with each member of the Board, major shareholders and such other relevant person(s), wishes to inform that to the best of its knowledge the following: -
- The Company is not aware of any corporate development relating to the 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;
- 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;
- The Board is not aware of any other possible explanation to account for the Trading Activity; and
- The Company is in compliance with the Main Market Listing Requirements of Bursa Securities (“LR”), in particular Paragraph 9.03 of the LR on the immediate disclosure obligations.
This announcement is dated 24 January 2022.