UNUSUAL MARKET ACTIVITY
| CRIMSON LAND BERHAD |
|
Type | Reply to query |
| Reply to Query Letter by KLSE reference ID | MA-030715-67945 |
| Subject | UNUSUAL MARKET ACTIVITY |
Contents :
We refer to the Exchange's letter dated 15 July 2003 in relation to the unusual market activity of Crimson Land Berhad's shares recently.
The Board of Directors of Crimson Land Berhad ('the Company') is pleased to inform that -
(1) there is no material development in the Company's business and affairs not previously disclosed or announced; and
(2) the Board of Directors of the Company, to the best of their knowledge, is not aware of any reason to account for the unusual market activity.
The Board of Directors is also not aware of any rumour or report which contains information which has or is likely to have an effect in the trading of the Company's shares.
This announcement is dated 16 July 2003.
Query Letter Contents :
We draw your attention to the sharp increase in price and 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 market day from the date
hereof via KLSE Listing Information Network ("KLSE Link").
Yours faithfully
CH'NG BOON HUAT
Vice President
Financial Review & Surveillance
Listing Group
JE/al
Announcement Info
| Company Name | CRIMSON LAND BERHAD |
| Stock Name | CRIMSON |
| Date Announced | 16 Jul 2003 |
| Category | General Announcement |
| Reference No | CL-030716-35102 |
