SAM Engineering unaware of reason for UMA

PETALING JAYA: Sam Engineering & Equipment (M) Bhd says it is not aware of any reason for the unusual market activity (UMA) that resulted in the sharp rise of its share price in recent months.

The precision machining, equipment integration and automation solutions provider issued a statement yesterday in response to an UMA query from Bursa Malaysia over the rapid increase of the company’s share price recently.