Bursa issues UMA query to CYL

KUALA LUMPUR: Bursa Malaysia has issued an unusual market activity (UMA) query to CYL Corporation Bhd following the sharp rise in its share price and trading volume recently.

"Investors are advised to take note of the company’s reply to the UMA query, which will be posted on Bursa Malaysia’s website under the company announcements (section) when making their investment decision,” the exchange said in a statement today.

CYL is set up as an investment holding company, whereby its sole subsidiary Perusahaan Jaya Plastik (M) Sdn Bhd is principally involved in the plastics packaging industry.

Its share was last traded at 78.5 sen. - Bernama

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