KUALA LUMPUR (April 29): Bursa Malaysia issued Hiap Teck Venture Bhd an unusual market activity (UMA) query today after the stock reached a one-year high.
At 11.41am today, Hiap Teck shares rose as high as two sen or 4.04% to 51.5 sen. A total of 8.73 million shares were traded.
Its share price was last seen at a high of 51.4 sen on May 7, 2015.
The stock's 52-week average is 52.9 sen and while its 52-week average volume is 901,849 shares.
Year to date, Hiap Teck has risen 92.31%, outperforming the FBM KLCI which has declined 1.05%.
Bursa Malaysia has ordered Hiap Teck to reveal any corporate development and affairs, rumour or report regarding the business affairs of the company that has not been previously announced.
The regulator also requested Hiap Teck to verify if it is in compliance with Bursa Securities listing requirements, particularly Paragraph 9.03 on immediate disclosure obligations.
Hiap Teck is principally involved in the manufacturing of steel products, steel plates, pipes, beams and bars.
HIAPTEK (5072) - UMA: Hiap Teck gets UMA query after its shares hit one-year high
http://www.theedgemarkets.com/my/article/hiap-teck-gets-uma-query-after-its-shares-hit-one-year-high
