General Announcement for PLC

21/06/2016

UNUSUAL MARKET ACTIVITY

COMINTEL CORPORATION BHD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-21062016-00002
Subject UNUSUAL MARKET ACTIVITY
Description
COMINTEL CORPORATION BHD ("Comcorp" or "the Company") 
- Unusual Market Activity
Query Letter Contents

We draw your attention to the sudden sharp fall in price of your Company’s shares (“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 the Main Market Listing Requirements ("LR"):

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,
HENG TECK HENG
Vice President, Issuers,
Listing Division, Regulation
HTH/TEK

 

We refer to Bursa Malaysia Securities Berhad’s Letter of Query dated 21 June 2016 on unusual market activity.

Pursuant to Paragraph 9.11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“LR”), the Board of Directors wishes to advise that to the best of their knowledge, they are not aware of any of the following –

1.             Any corporate development relating to our 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;

2.             Any rumour or report concerning the business and affairs of the Group that may account for the trading activities; and

3.             Any other possible explanation to account for the trading activity

which could have contributed to the unusual market activity.

The Company will make the necessary announcement to Bursa Malaysia Securities Berhad of any material information should it fall under the LR.





Announcement Info

Company Name COMINTEL CORPORATION BHD
Stock Name COMCORP
Date Announced 21 Jun 2016
Category General Announcement for PLC
Reference Number GA1-21062016-00071