Unusual Market Activity

BackJul 31, 2017
Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-31072017-00001
Subject UNUSUAL MARKET ACTIVITY
Description 
UNUSUAL MARKET ACTIVITY IN THE COMPANY'S SHARES
Query Letter Contents

We draw your attention to the sharp rise in price 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 the Main Market Listing Requirements ("LR"):

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,
HENG TECK HENG
Vice President, Issuers,
Listing, Regulation
HTH/TEK

We refer to the query from Bursa Malaysia Securities Berhad ("Bursa Securities") via their letter dated 31 July 2017 (Ref. No. IQL-31072017-00001) in relation to the unusual market activity ("UMA") in the Company's shares.

In accordance with Rule 9.11 of Main Market Listing Requirements ("LR"), the Board of Directors of the Company, after making due inquiries, wishes to advise that to the best of their knowledge, they are not aware of any of the following events :-

·        Any corporate development in relation to the Group's business and affairs that has not been previously announced that may account for the unusual market activity;

·        Any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity; and

·        Any other possible explanation to account for the trading activity.

We also declare that the Company is in compliance with the LR, in particular Rule 9.03 of the LR on immediate disclosure obligations.

This announcement is dated 31 July 2017.



Announcement Info

Company Name HENGYUAN REFINING COMPANY BERHAD
Stock Name HENGYUAN
Date Announced 31 Jul 2017
Category General Announcement for PLC
Reference Number GA1-31072017-00101