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Back Feb 05, 2021

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY


Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-04022021-00002
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description 
Unusual Market Activity
Query Letter Contents

We draw your attention to the sharp rise in price and volume of your Company?s shares recently (?trading activity?).

In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of Listing Requirements :

1. Whether there is any corporate development relating to your 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. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions
2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;
3. Whether you are aware of any other possible explanation to account for the trading activity; and
4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.


Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.

Yours faithfully,

Bursa Malaysia Securities Berhad

 
Reference is made to the letter from Bursa Malaysia Securities Berhad (?Bursa Malaysia Securities?) dated 4 February 2021 pertaining to the sharp rise in price and volume of the shares of Seni Jaya Corporation Berhad (?SJC? or ?Company?) recently (?trading activity?).

After having made due enquiry with the Board of Directors (?Board?), major shareholders of the Company and such other relevant persons, the Company?s reply to the query by Bursa Malaysia Securities are as follows:-

1. The Board wishes to highlight that there is no corporate development relating to SJC 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;

2. The Board is not aware of any rumour or report concerning the business and affairs of SJC Group that may account for the trading activity;

3. The Board is not aware of any other possible explanation to account for the trading activity; and

4. The Company is in compliance with the Main Market Listing Requirements of Bursa Malaysia Securities (?Main LR?), in particular Paragraph 9.03 of the Main LR on immediate disclosure obligations.

This announcement is dated 5 February 2021.


Announcement Info

Company Name SENI JAYA CORPORATION BERHAD
Stock Name SJC
Date Announced 05 Feb 2021
Category General Announcement for PLC
Reference Number GA1-05022021-00009