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”).
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 |