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Unusual Market Activity

BackAug 08, 2022
Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-05082022-00002
Subject UNUSUAL MARKET ACTIVITY
Description TELADAN SETIA - Unusual Market Activity ("UMA") query by Bursa Securities
Query Letter Contents

We draw your attention to the sharp rise in price and trading 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

TELADAN SETIA GROUP BERHAD [201901004975 (1314302-V)] (“TELADAN SETIA” OR THE “COMPANY")

 

We refer to Bursa Malaysia Securities Berhad’s (“Bursa Securities”) Letter of Query dated 5 August 2022 on unusual market activity.

 

In accordance with Rule 9.11 of the Listing Requirements ("LR") of Bursa Securities for the ACE Market, on behalf of the Company, the Board of Directors wishes to clarify that to the best of their knowledge and after having made due enquiries with the Directors, major shareholders and such other relevant persons, the following:

 

  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.

    There is no corporate development relating to our Group’s business and affairs.
  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.

    There is no rumour or any other report concerning our Group’s business and affairs.
  3. ​Whether you are aware of any other possible explanation to account for the trading activity.

    We are not aware of any other possible explanation to account for the said rise in volume.
  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.

    We are in compliance with Bursa Securities LR, in particular Rule 9.03 on immediate disclosure obligations.

This announcement is dated 8 August 2022.

 

Announcement Info

Company Name TELADAN SETIA GROUP BERHAD
Stock Name TELADAN
Date Announced 08 Aug 2022
Category General Announcement for PLC
Reference Number GA1-05082022-00049