Bursa Securities queries SAM after share price spike

Bursa Securities had directed SAM to respond, after making due enquiry with its directors, major shareholders and such other relevant persons whether there are any corporate developments to have caused the trading activity.

KUALA LUMPUR: Bursa Malaysia Securities has queried Sam Engineering & Equipment (M) Bhd following the recent sharp rise in the price and volume of its shares.

The regulator had on Friday advised investors are advised to take note of the company’s reply to the above unusual market activity (UMA) query when making their investment decision.