Kobay shares extend rally despite Bursa query


KUALA LUMPUR: Share price of Kobay Technology Bhd extended its gains at midday on Thursday, rising to a high of RM2.37 despite a query from Bursa Malaysia Securities.

At midday, it was up 49 sen to RM2.32 with 17 million shares done.

The company replied to Bursa Securities it was not aware of the factors for the sharp rise in the price and volume of the shares on Wednesday.

It said it had enquired with the directors and major shareholder seeking their views on the matters over the unusual market activity.

Kobay said there was no corporate development relating to the group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.

“The company is unaware of any rumour or report concerning the business and affairs of the group that may account for the unusual market activity.

“The company is unaware of any other possible explanation to account for the unusual market activity, ” it said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Business News

Singapore’s GIC buying 16% in Sunway healthcare for RM750m
Moody's affirms Cagamas' A3 ratings; outlook stable
MGS yield curve steepened on lockdown due to infections surge
Euro zone business growth at 15-year high as demand unleashed -PMI
Pharmaniaga takes up financing facility under StanChart’s RM4.17b fund
Asian currencies gain as Fed reassures on rates; Thai cbank in focus
Aeon earmarks RM251mil for capex
Sanichi MD, PNE PCB ED launch takeover of BSL Corp
KAB partners Janakuasa in Vietnam renewable energy venture
Industries spent more on environ protection, Johor leads among states

Stories You'll Enjoy


Vouchers