Bursa Securities queries Visdynamics over share price surge

KUALA LUMPUR: Bursa Malaysia Securities has queried Visdynamics Holdings Bhd over the the sharp rise in its share price recently.

In its unusual market query issued on Friday, it directed the company to enquire with the directors, major shareholders and other relevant persons for the reason.

It also queried the company whether there was any corporate development relating to the group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.

At midday, Visdynamics was unchanged at 67.5 sen.

Since Jan 8's closing price of 53.5 sen, it has surged 14 sen or 26% up to midday on Friday.

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