PETALING JAYA: Silver Ridge Holdings Bhd
was slapped with an unusual market activity (UMA) query from Bursa Malaysia, on the sharp fall of the company’s share price.
The telecommunication system solutions provider saw its share price plunged from 56 sen on March 5 to 29.5 sen yesterday.
Meanwhile, the drop in share price comes as group managing director, Datuk Khoo Yik Chou bought nearly three million shares from the open market since March 5, according to the filings in Bursa Malaysia. Khoo has raised his deemed interest in the company to 9.79% or 26.6 million shares.
In a reply to Bursa Malaysia following the UMA, Silver Ridge stated that its board is not aware of any rumour or report concerning the business and affairs of the group that may account for the trading activity of its shares.
