Reference is made to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 6 April 2022 pertaining to the sharp rise in price and volume of the Company’s shares recently (“trading activity”).
After having made due enquiry with the Board of Directors (“Board”), major shareholders of the Company and such other relevant persons, our reply to the query by Bursa Securities are as follows:
1) A major shareholder of THB had recently explored proposals, which could facilitate to drive the business segments of THB. However, discussions were still preliminary and the said major shareholder had decided not to proceed further with any of the proposals for the time being;
2) Other than the above, the Board is not aware of any rumour or report concerning the business and affairs of THB that may account for the trading activity;
3) Other than the above, the Board is not aware of any other possible explanation to account for the trading activity; and
4) The Company and the Board are in compliance with the LR of Bursa Securities, in particular Paragraph 9.03 of the LR on immediate disclosure obligations.
This announcement is dated 7 April 2022.