KUALA LUMPUR: Ni Hsin Group Bhd
has not identified any recent corporate development, rumour or report that may account for the recent unusual trading activity in its shares.
In a response to the unusual market activity (UMA) query, the stainless steel product maker said it had proposed bonus issue of warrants on Oct 27, 2026 and the proposed diversification of its existing principal activities to include the electric vehicles business on Sept 8, 2026.
The company also disclosed that it had disposed of five million ordinary shares on Oct 26, 2026 but stated that it was unable to conclusively determine whether the disposal contributed to the recent trading activity in its securities.
"Notwithstanding the company's reply to the UMA query, there continues to be unusual activity and price movement in the company's shares,” the company said in a filing with Bursa Malaysia.
As at 10.46 am, Ni Hsin Group slipped 7.5 sen or 41.66 per cent, to 10.5 sen, with 43.60 million shares traded. - Bernama
