KUALA LUMPUR: Silver Ridge Holdings Bhd said it is not aware of any undisclosed corporate developments, rumours or other factors that could explain the recent sharp fall in its share price.
In a filing with Bursa Malaysia, the telecommunication infrastructure installer said its board had made due enquiries with its directors, major shareholders and other relevant persons following Bursa's Unusual Market Activity (UMA) query.
ALSO READ: Silver Ridge hit with UMA query after shares tumble 24%
Silver Ridge said, apart from the resignation of three executive directors announced on June 26, it is not aware of any corporate development relating to the group's business and affairs that has not been previously announced and that may account for the trading activity.
“The board is not aware of any rumour or report concerning the business and affairs of the group that may account for the trading activity,” it said.
Silver Ridge added that it is in compliance with Bursa Malaysia's ACE Market Listing Requirements, particularly Paragraph 9.03 on immediate disclosure obligations.
