KUALA LUMPUR: Artroniq Bhd, which was queried by Bursa Securities over the sharp rise in price and volume of its shares recent, is still in discussions with potential parties for new businesses.
In its reply on Tuesday, it said there is no corporate development relating to the company and its subsidiaries’ business and affairs that has not been previously announced.
Artroniq said in its circular to its shareholders dated Oct 9,2020, it has been implementing changes such as monetisation of assets of its manufacturing business -- which had ceased in the third quarter of 2020 -- as well as other non-core assets.
It has also been exploring options to identify suitable business, investment and/or strategic acquisition/collaboration to expand the group’s business operations in the distribution of information and communication technology products and related activities.
“The company is still in the midst of discussions on the above and will make the relevant announcements in accordance with the Bursa Securities LR in the event of any material development pertaining to the above, ” it said.