General Announcement for PLC

03/08/2022

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-02082022-00004
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description 
Malaysian Genomics Resource Centre ("MGRC" or "the Company") 
- Unusual Market Activity
Query Letter Contents

We draw your attention to the sharp fall 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 query letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 2 August 2022 regarding the sharp fall in price of Malaysian Genomics Resource Centre Berhad’s (“the Company”) shares recently (“Trading Activity”).

 

The Board of Directors of the Company wishes to inform that to the best of their knowledge and belief, after making due enquiry on the matter with the Company’s Directors, Major Shareholders and such other relevant persons, the Board of Directors are not aware of any of the following that may have contributed to the Trading Activity:-

  1. any 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;
  2. any rumour or report concerning the business and affairs of the Group that may account for the Trading Activity.
  3. any other possible explanation to account for the Trading Activity.

Further, the Board of Directors wishes to confirm that the Company is in compliance with Bursa Securities Listing Requirement (“LR”), in particular Paragraph 9.03 of the LR on immediate disclosure obligations.

 

This announcement is dated 3 August 2022.


Announcement Info

Company Name MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD
Stock Name MGRC
Date Announced 03 Aug 2022
Category General Announcement for PLC
Reference Number GA1-03082022-00009


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