General Announcement
31/10/2003Press Metal Berhad ("PMB") - Unusual Market Activity
PRESS METAL BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | NA-031031-42914 |
Subject | Press Metal Berhad ("PMB") - Unusual Market Activity |
Contents :
We refer to the Kuala Lumpur Stock Exchange's ("KLSE") letter dated 31 October 2003 on the unusual market activity of PMB's shares.
In accordance with Paragraph 9.11 of the Listing Requirements of KLSE on Corporate Disclosure Policy on Response to Unusual Market Activity, the Board of Directors of PMB, after making due enquiry, would like to clarify as follows:-
1) There is no material development in PMB's business and affairs not previously disclosed.
2) Save for the changes in the substantial shareholders' interests, which have been announced (Reference Nos: CS-031023-52517 and CS-031028-52875), the Directors have no knowledge and have not been notified of any impending change in the major shareholders of the Company.
3) To the knowledge of PMB, there are no other reasons to account for the unusual market activity.
Query Letter Contents :
We draw your attention to the sharp increase in price and high volume in your
Companys shares today.
In accordance with paragraph 9.11 of the Exchanges Corporate Disclosure Policy
on Response To Unusual Market Activity, you are requested to furnish the
Exchange with an announcement for public release after a due enquiry seeking
the cause of the unusual market activity in the Companys securities. When
considering your response and when making the required announcement, your
attention is particularly drawn to the continuing disclosure requirements set
out in Chapter 9 of the KLSEs Listing Requirements.
The announcement is to reach the Exchange immediately today via KLSE Listing
Information Network (KLSE Link).
Yours faithfully
CH'NG BOON HUAT
Head, Development & Sector
Listing Compliance
SH/naz
Announcement Info
Company Name | PRESS METAL BERHAD |
Stock Name | PMETAL |
Date Announced | 31 Oct 2003 |
Category | General Announcement |
Reference No | CS-031031-55679 |