UMA query for YKGI

KUALA LUMPUR: YKGI Holdings Bhd has received an unusual market activity (UMA) query from Bursa Malaysia following the recent surge in price and volume of its shares.

Year-to-date, YKGI has gained some 25.58%. The Flat steel products manufacturer’s shares fell 1 sen, or 3.57% to 27 sen with six million shares changing hands.

Bursa Securities advised investors to take note of the company’s reply to the UMA query when making their investment decision.

The regulator had queried YKGI whether there was 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.
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