Teck Guan shares extend gains, unaware why price surged

It was the third top gainer on Bursa Malaysia yesterday.

KUALA LUMPUR: Teck Guan Perdana Bhd, whose share price had surged 29.5% on Monday and prompting a query from Bursa Malaysia Securities, said it was unaware of the reasons.

The cocoa and oil palm plantations company said after checking with the directors and major shareholders, it was not aware of any corporate developments which could had cause the price surge.

Teck Guan also said it was not aware of any rumour or report concerning the business and affairs of the group that might account for the trading activity.

Despite the query, its share price continued to advance in Tuesday morning’s session. It  rose 16 sen to RM1.52.