Ajinomoto unaware of reason for share price spike

  • Business
  • Friday, 18 Dec 2015

KUALA LUMPUR: Ajinomoto (Malaysia) Bhd, which was queried by Bursa Malaysia Securities over unusual market activity, is unaware of the reasons for the spike in its share price.

In its reply to Bursa Securities on Friday, the food and seasoning company said it had enquired with the directors and major shareholders.

However, Ajinomoto said it was unaware of any corporate development relating to its business and affairs that had not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.

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

On Thursday its share price surged to a high of RM9.30, which was a RM2 jump from the previous week.

At midday on Friday, Ajinomoto was down 20 sen to RM8.80. 

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