Guan Chong unaware of UMA

  • Business
  • Thursday, 22 Jul 2010

PETALING JAYA: GUAN CHONG BHD, in a reply to Bursa query on the sharp rise in its share price recently, said it was not aware of any unannounced corporate development, rumour or other reasons that may have contributed to the unusual market activity.

“The high volume of the company’s shares being traded may be attributable to the recent market sentiment on counters involved in the food sector,” it said.

The counter closed yesterday at RM1.16, up 33 sen, or 40%.

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