Written by Joseph Chin
Monday, 28 September 2009 11:41
KUALA LUMPUR: Bursa Malaysia Securities Berhad has issued an unusual market activity (UMA) query on the trading of the shares of Tracoma Bhd and LFE Corp Bhd.
The regulator had on Sept 28 queried both companies over the sharp increase in price in the companies' shares recently.
It directed both companies to provide with an announcement for public release after making due enquiry with their directors and major shareholders seeking the cause of the unusual market activity in the companies' shares.
Both companies were also required to publicly confirm whether there was any corporate development relating to their business and affairs that had not been previously announced that may account for the unusual market activity including those in the stage of negotiation / discussion.
Bursa Securities also asked both companies whether there was any rumour or report concerning the business and affairs of the group that may account for the unusual market activity.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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