Unusual Market Action
| INNOVEST BERHAD |
|
Type | Reply to query |
| Reply to Query Letter by KLSE reference ID | VC-030716-66213 |
| Subject | Unusual Market Action |
Contents :
We refer to your letter dated 16 July 2003 , drawing our attention to the increase in price and high volume in the Company’s shares on 16 July 2003.
We wish to inform the Kuala Lumpur Stock Exchange [“KLSE”] that based on our knowledge, there is no changes and/or further development to the monthly announcement released to the KLSE on 1 July 2003 pursuant to Practice Note No.4/2001 of the Listing Requirements of the KLSE. Apart from the above,
1) there is also no material development in the Company’s business and affairs not previously disclosed; and
2) the Company is not aware of any reasons that contributed to the unusual market activities in the Company’s shares.
This announcement is dated 17 July 2003.
Query Letter Contents :
We draw your attention to the increase in price and high volume in your Company’
s shares today.
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 market day from the date
hereof via KLSE Listing Information Network ("KLSE Link").
Yours faithfully
TAN CHUN WENG
Senior Vice President,
Financial Review & Surveillance
Listing Group
JE/aida
Announcement Info
| Company Name | INNOVEST BERHAD |
| Stock Name | INOVEST |
| Date Announced | 17 Jul 2003 |
| Category | General Announcement |
| Reference No | II-030717-61530 |
