UNUSUAL MARKET ACTIVITY
| HUA YANG BERHAD |
|
Type | Reply to query |
| Reply to Query Letter by KLSE reference ID | VC-030903-67892 |
| Subject | UNUSUAL MARKET ACTIVITY |
Contents :
We refer to your letter dated 3 September 2003 on the unusual market activity of our Company's shares recently.
Pursuant to Paragraph 9.11 of the Listing Requirements on the Corporate Disclosure Policy on Response to Unusual Market Activity, the Board of Directors wishes to advise the following:-
1. There is no material development in the Company's business and affairs not previously disclosed;
2. We have no knowledge and have not been notified of any impending change in the major shareholders of the Company; and
3. In our knowledge, there is no other reason to account for the unusual market action.
We believe the recent bull run in the KLSE could have attributed to this unusual market activity.
Query Letter Contents :
We draw your attention to the sharp increase in price and high volume in your
Company’s shares
recently.
In accordance with paragraph 9.11 of the Exchange’s Corporate Disclosure Policy
on Response To Unusual Market Activity, you are requested to furnish the
Exchange with an announcement for public release after a due enquiry seeking
the cause of the unusual market activity in the Company’s securities. When
considering your response and when making the required announcement, your
attention is particularly drawn to the continuing disclosure requirements set
out in Chapter 9 of the KLSE’s Listing Requirements.
The announcement is to reach the Exchange within one (1) market day via KLSE
Listing Information Network ("KLSE Link").
Yours faithfully
WONG KAY YONG
Head
Listing Compliance
WT/rz
Announcement Info
| Company Name | HUA YANG BERHAD |
| Stock Name | HUAYANG |
| Date Announced | 4 Sept 2003 |
| Category | General Announcement |
| Reference No | HY-030904-47764 |