Hextech unaware of reason for UMA

KUALA LUMPUR: Hextar Technologies Solutions Bhd (Hextech), which has received another unusual market activity (UMA) query from Bursa Malaysia, said it is unaware of any reason for the recent sharp rise in its share price.

In a reply to the UMA query, Hextech said it is not aware of any 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 board is not aware of any rumour or report concerning the business and affairs of the group that may account for the unusual market activity.

“The board is not aware of any other possible explanation to account for the trading activity,” it said.

Hextech surged RM1.52 to a record of RM13.38 at closing. The counter has risen over 190% in the past one month.