KUALA LUMPUR: Rapid Synergy Bhd
, the top loser on Bursa Malaysia, has received an unusual market activity (UMA) query from Bursa Malaysia Securities Bhd on the sharp fall in its share price.
The industrial mould manufacturer plunged RM7.02, or 30% to RM16.38. The counter has fallen about 40% in the past one month.
“Investors are advised to take note of the company’s reply to the UMA query which will be posted at Bursa Malaysia’s website under the company announcement when making their investment decision,” the stock market operator said.
Rapid has been asked to disclose any corporate development relating to its business and affairs that has not been previously announced that may account for the trading activity, including those in the stage of negotiations or discussions.
In the first quarter ended Sept 30, Rapid posted a net profit of RM13.8mil on revenue of RM7.9mil.
On April 26, 2023, the company changed its financial year end from Dec 31 to June 30.
