“There has not been any corporate development related to our group’s business and affairs that have not been previously announced that may account for the trading activity, including those in the stage of negotiation/discussion,” said KTC Consolidated in a reply to an UMA query by Bursa Malaysia yesterday.
The Sabah-based consumer packaged goods distributor added that there had been no rumour or report concerning the group’s business and affairs that may account for the unusual trading activity.
KTC Consolidated saw its share price surge 22.58% to 38 sen with 143.4 million shares done on Monday, from a closing price of 31 sen with 7.65 million shares traded last Wednesday, just before the Christmas break.
The stock closed one sen or 2.63% lower at 37 sen yesterday, with a market capitalisation of RM194.3 million.
KTC (0180) - Kim Teck Cheong Consolidated unaware of reason for UMA
http://www.theedgemarkets.com/my/article/kim-teck-cheong-consolidated-unaware-reason-uma-0
