UNUSUAL MARKET ACTIVITY
MULTI VEST RESOURCES BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | MA-030715-67723 |
Subject | UNUSUAL MARKET ACTIVITY |
Contents :
Reference is made to the Exchange's fax dated 15 July 2003 (Your Ref: MA-030715-67723) in respect of the abovementioned matter.
After conducting due enquiry, the Board of Directors of Multi Vest Resources Berhad confirms that there is no material development in the Company's business and affairs not previously disclosed and they are not aware of any rumour or report (whether true or false) which contains information which has or is likely to have an effect in the trading of the Company's securities.
The Directors also confirm that to the best of their knowledge, there is no other reasons to account for the unusual market action.
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 | MULTI VEST RESOURCES BERHAD |
Stock Name | MVEST |
Date Announced | 16 Jul 2003 |
Category | General Announcement |
Reference No | MV-030716-41652 |