Visdynamics replies to UMA query

PETALING JAYA: Visdynamics Holdings Bhd, which has been issued an unusual market activity (UMA) query from Bursa Malaysia, said that it is not aware of any corporate development that could have contributed to the sharp rise in its share price.

The Ace Market-listed company saw its share price rose almost 70% in the past month to trade at 38 sen per share.

In a filing with Bursa Malaysia yesterday, Visdynamics said after enquiring with the directors and major shareholders, there were no factors to account for the share price and volume surge.

The firm also said it was not aware of any corporate developments related to the group’s business and affairs that had not been previously announced that might account for the trading activity, including those in the stage of negotiation/discussion.

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