General Announcement for PLC

18/05/2022

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

COUNTRY HEIGHTS HOLDINGS BHD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-18052022-00002
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description
COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB" or "the Company")
-UNUSUAL MARKET ACTIVITY
Query Letter Contents

We draw your attention to the sharp fall in price and rise in volume 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 18 May 2022 received from Bursa Malaysia Securities Berhad (“Bursa Securities”) querying on the unusual market activity (“UMA”) of CHHB in relation to the recent sharp rise in price and volume of the Company’s shares.

 

The Board of Directors of CHHB (“Board”) wishes to confirm that, to the best of our knowledge and after making due enquiry with all the Company’s directors, major shareholder as well as such other relevant persons, the following:

 

1. The Board is not aware of any corporate developments relating to the Group’s business and affairs that has not been previously announced that may account for the trading activity including in the stage of negotiation/discussion.

 

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

 

3. The Board is not aware of any possible explanation to account for the trading activity.

 

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

 

This announcement is dated 18 May 2022.





Announcement Info

Company Name COUNTRY HEIGHTS HOLDINGS BHD
Stock Name CHHB
Date Announced 18 May 2022
Category General Announcement for PLC
Reference Number GA1-18052022-00051


Related Announcements for CHHB
Date Title
08/08/2022 OTHERS COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB" OR THE "COMPANY") HEADS OF AGREEMENTS
08/06/2022 OTHERS COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB" OR "THE COMPANY") - NOTIFICATION ON CHANGE IN THE INTEREST OF DIRECTOR AND SUBSTANTIAL SHAREHOLDER, TAN SRI LEE KIM TIONG @ LEE KIM YEW
21/04/2022 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB" OR THE "COMPANY") PRIVATE PLACEMENT
08/04/2022 OTHERS ACQUISITION OF THE HERITAGE TOWERS @ THE MINES WELLNESS CITY BY COUNTRY HEIGHTS SEA RESORT SDN BHD, A WHOLLYOWNED SUBSIDIARY OF COUNTRY HEIGHTS HOLDING BERHAD THROUGH PUBLIC AUCTION FOR A TOTAL CASH CONSIDERATION OF RM60,000,000.00
08/04/2022 OTHERS SCHEME OF ARRANGEMENT UNDER SECTION 366(1) OF THE COMPANIES ACT 2016 (''ACT'') IN RESPECT OF GOLDEN HORSE PALACE BERHAD (''GHPB''), A SUBSIDIARY COMPANY OF CHHB
06/04/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MONEYLENDING AGREEMENT BETWEEN COUNTRY HEIGHTS HOLDINGS BERHAD AND GOLDEN TOUCH CAPITAL MANAGEMENT SDN BHD
18/02/2022 OTHERS SCHEME OF ARRANGEMENT UNDER SECTION 366(1) OF THE COMPANIES ACT 2016 (''ACT'') IN RESPECT OF GOLDEN HORSE PALACE BERHAD (''GHPB''), A SUBSIDIARY COMPANY OF CHHB
24/01/2022 OTHERS COUNTRY HEIGHTS HOLDINGS BERHAD (CHHB OR THE COMPANY) EXPLANATORY STATEMENT TO SCHEME CREDITORS (PURSUANT TO SECTION 366(1) OF THE COMPANIES ACT, 2016) IN RELATION TO THE PROPOSED SCHEME OF ARRANGEMENT (UNDER SECTION 366 OF THE COMPANIES ACT, 2016) BETWEEN GOLDEN HORSE PALACE BERHAD (GHPB), A SUBSIDIARY COMPANY OF CHHB AND THE SCHEME CREDITORS
21/01/2022 COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB"), JIANKUN INTERNATIONAL BERHAD, TECHNA-X BERHAD, SERSOL BERHAD, MQ TECHNOLOGIES BERHAD ("CONSORTIUM") LED BY SMTRACK BERHAD ("INVESTOR") WILL ENTER INTO SIGNING OF HEADS OF AGREEMENT WITH 5G INFRA TECH SOLUTION SDN BHD ("TARGET"), (''PROPOSED INVESTMENT'')
19/01/2022 OTHERS COUNTRY HEIGHTS HOLDINGS BERHAD ("CHHB"), JIANKUN INTERNATIONAL BERHAD, TECHNA-X BERHAD, SERSOL BERHAD, MQ TECHNOLOGIES BERHAD ("CONSORTIUM") LED BY SMTRACK BERHAD ("INVESTOR") WILL ENTER INTO SIGNING OF HEADS OF AGREEMENT WITH 5G INFRA TECH SOLUTION SDN BHD ("TARGET"), (''PROPOSED INVESTMENT'').