SANICHI-Unusual Market Activity ("UMA") query by Bursa Securities

LISTING'S CIRCULAR NO. L/Q : 66778 OF 2012

Bursa Malaysia Securities Berhad has on 20 December 2012 issued an UMA query on the sharp rise in price and volume of SANICHIs shares today.
In this respect, investors are advised to take note of the Companys reply to the above UMA query which will be posted at Bursa Malaysias website under the company announcements, http://announcements.bursamalaysia.com when making their investment decision.
The contents of the UMA query is as follows:-

UNUSUAL MARKET ACTIVITY

We draw your attention to the sharp rise in price and volume of your Companys shares today.

In accordance with the Corporate Disclosure Policy on Response To Unusual Market Activity pursuant to Rule 9.11 of the Ace Market Listing Requirements of Bursa Malaysia Securities Berhad (Bursa Securities LR), you are requested to furnish Bursa Malaysia Securities Berhad (Bursa Securities) with an announcement for public release after making due enquiry with your directors and major shareholders seeking the cause of the unusual market activity in the Companys shares.

In this respect, you are also required to publicly confirm, amongst others, the following:-

1. whether there is any corporate development relating to your Groups business and affairs that has not been previously announced that may account for the unusual market 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 decision;

2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity and in this respect, you are required to comply with Rules 9.09 and 9.10 of Bursa Securities LR;

3. whether you are aware of any other possible explanation to account for the unusual market activity; and

4. your compliance with the Bursa Securities LR, in particular Rule 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.