The major shareholder of SWS is its executive chairman Tan Sri Tan King Tai, who owns a direct stake of 9.47% and an indirect stake of 17.47%. The other substantial shareholders are Teoh Han Chuan and Datuk Seri Serm Juthamongkhon with a 6.86% stake and 4.98% respectively.
KUALA LUMPUR: Edaran Bhd
has been issued an unusual market activity (UMA) query by Bursa Malaysia due to the recent sharp rise in the company's share price and trading volume.
On Monday, Edaran posted a 26 sen or 57% leap in share price to 71.5 sen on a record volume of 47.36 million shares.
The share price continued to grow on Tuesday, rising 9.5 sen or 13.3% to 81 sen with 25.92 million shares done as at the end of the morning session.
Edaran was one of the most actively traded stocks on Bursa Malaysia in Tuesday morning trade, along with Vivocom, Frontken and Foundpac Group.
The stock exchange requested that the company respond to its queries as to whether it is aware of any explanation behind the rapid movement in its share price and volume.
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