TH Heavy unaware of reason behind spike in trading activity
Published on: Wednesday, July 27, 2016
Kuala Lumpur: TH Heavy Engineering Bhd (TH Heavy) has said it is not aware of any material corporate development relating to the business and affairs of the company and its subsidiaries over the spike in its share price. "We are not aware of any rumour or report concerning the business and affairs of the group that may account for the trading activity," the company said in a filing to Bursa Malaysia Tuesday. The offshore fabrication and marine services company said it complies with the Main Market Listing Requirements, in particular Rule 9.03 of the Listing Requirements on immediate disclosure obligations.
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On Monday, Bursa Malaysia Securities Bhd issued an unusual market activity query to TH Heavy due to the sharp rise in the company's share price and trading volume. Stay up-to-date by following Daily Express’s Telegram channel.
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