Company Announcements

Date : 08 September 2020

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

LATITUDE TREE HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-07092020-00002
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description
LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR "THE COMPANY")
- REPLY TO QUERY LETTER ON UNUSUAL MARKET ACTIVITY
Query Letter Contents

We draw your attention to the sharp rise in price of your Company’s shares today (“trading activity”).
In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of Listing Requirements :

1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions
2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;      
3. Whether you are aware of any other possible explanation to account for the trading activity; and       
4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.

 

Yours faithfully,

Bursa Malaysia Securities Berhad

Reference is made to the letter dated 7 September 2020 (IQL-07092020-00002) from Bursa Malaysia Securities Berhad (“Bursa Securities”) in relation to the sharp rise in price of LTHB’s shares recently (“trading activity”).

 

Pursuant to Paragraph 9.11 of the Main Market Listing Requirement (“LR”) of Bursa Securities, the Board of Directors of LTHB, after having made due inquiries with all the Directors, Major Shareholders and such other relevant persons, wishes to inform that to the best of their knowledge, the following:-

 

1) There is no corporate development relating to the Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion, save for the Memorandum of Understanding between Rhong Khen Timbers Sdn. Bhd., a wholly-owned subsidiary of LTHB and Advancecon Solar Sdn. Bhd. and the Memorandum of Understanding between Latitude Tree Furniture Sdn. Bhd., a wholly-owned subsidiary of LTHB and Advancecon Solar Sdn. Bhd., both announced on 17 July 2020;

 

2) The Directors are not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity.

 

3) The Directors are not aware of any other possible explanation to account for the trading activity; and

 

4)The Company is in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa Securities LR on immediate disclosure obligations.

 

This announcement is dated 8 September 2020.





Announcement Info

Company Name LATITUDE TREE HOLDINGS BERHAD
Stock Name LATITUD
Date Announced 08 Sep 2020
Category General Announcement for PLC
Reference Number GA1-07092020-00133



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