General Announcement for PLC

25/05/2016

UNUSUAL MARKET ACTIVITY

O&C RESOURCES BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-25052016-00001
Subject UNUSUAL MARKET ACTIVITY
Description
UNUSUAL MARKET ACTIVITY
Query Letter Contents

We draw your attention to the rise in price of your Company’s securities recently (“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,
IRWAN JOHARI
Senior Manager, Issuers,
Listing Division, Regulation
TGG/TEK

With reference to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 25 May 2016 querying on the rise in price of the Company’s shares recently (“trading activity”).

On behalf of the Company, the Board of Directors would like to confirm that to the best of their knowledge and after making due enquiry with the directors and major shareholders on the subject of the query, we wish to state that the Company is in compliance with its obligations under the Main Market Listing Requirements, the Company is not aware of any of the following that may have contributed to the rise in the Company’s share price:-

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

The Company will make the necessary announcement to Bursa Securities of any material information in compliance with Paragraph 9.03 of Bursa Securities Main Market Listing Requirements.

This announcement is dated 25 May 2016.





Announcement Info

Company Name O&C RESOURCES BERHAD
Stock Name OCR
Date Announced 25 May 2016
Category General Announcement for PLC
Reference Number GA1-25052016-00051


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