“The board believes that the proposed diversification is expected to provide additional revenue stream and enhance the group’s profits, thereby reducing its dependence on the plywood business and subsequently expected to improve the group’s financial performance and shareholders’ valu," Cymao said.
KUALA LUMPUR: Cymao Holdings Bhd, whose share price surged to a multi-high of RM1.93 early yesterday, says it is unaware of the spike in price and volume of its shares.
Cymao said it had enquired with the board of directors and major shareholders about the unusual market activity following a query by Bursa Malaysia Securities on Tuesday.
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