PDZ - Reply To Unusual Market Activity Query
Announcement Type: General Announcement
| Company Name | PDZ HOLDINGS BHD |
| Stock Name | PDZ |
| Date Announced | 11 Aug 2014 |
| Category | General Announcement |
| Reference No | CC-140811-63636 |
| Type | Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | CY-140807-64569 |
| Subject | Reply To Unusual Market Activity Query |
| Description | We refer to the letter from Bursa Malaysia Securities Berhad (“Bursa”) dated 7 August 2014, querying on the sharp rise in price and volume of the Company’s securities recently. The Company hereby confirms that, to the best of its knowledge and after making due enquiry with the board of directors, major shareholders and other relevant persons, our response to the queries raised are as follows: 1. The Board of Directors and major shareholders of the Company wish to confirm that there is no corporate development relating to the 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 and discussion. 2. The Board of Directors and major shareholders are not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activities. However, the Board of Directors and major shareholders wish to refer to the articles in the newspaper Focus Malaysia dated 8 August 2014 entitled "Halim Saad to buy PDZ Controlling stake" and The Star Newspaper dated *30th July 2014 (Note 1) where it had reported the potential emergence of a new major shareholder. In connection with the aforesaid newspaper articles, the Board of Directors and major shareholders wishes to clarify that the Board of Directors and major shareholder, respectively, are not directly aware and are not involved in any negotiations with any party at this juncture. 3. The Board of Directors and major shareholders are not aware of any other possible explanation to account for the trading activity; and 4. The Board of Directors confirms that the Company is in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa Securities LR on immediate disclosure obligations. *Note 1:http://www.thestar.com.my/Business/Business-News/2014/07/30/New-party-eyes-PDZ-Holdings/ |
| Query Letter Contents | We draw your attention to the rise in price and volume of your Company’s securities recently. In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of Listing Requirements :- 1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading 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 trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR; 3. Whether you are aware of any other possible explanation to account for the trading activity; and 4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 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. Yours faithfully SUZALINA HARUN Vice President, Issuers Listing Division Regulation /WCY |
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