Widetech unaware of UMA except TS Wong as substantial shareholder

TS Wong had emerged as a substantial shareholder in Widetech when he purchased 4.17 million shares or a 9.33% stake on May 12 in an off-market deal.

KUALA LUMPUR: Widetech (Malaysia) Bhd, whose share price surged to a multi-year high of RM4 on Thursday, is unaware of the reasons for the unusual market activity (UMA), except the emergence of My E.G. Services Bhd managing director Wong Thean Soon as a substantial shareholder.

In its reply to Bursa Malaysia Securities at midday on Friday, it said it had enquired with the directors, major shareholders and others and there were no issues which could have caused the UMA.