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SCN - SCN -Unusual Market Activity

Announcement Type: Listing Circular

Company Name	SCAN ASSOCIATES BERHAD
Stock Name	SCN
Date Announced	07 May 2015
Category	Listing Circular
Reference Number	ILC-07052015-00004

Bursa Malaysia Securities Berhad has on 7 May 2015 issued an UMA query on SCN for the recent sharp fall in price and high volume  traded of the Company’s shares.

In this respect, investors are advised to take note of the Company’s reply to the above UMA query which will be posted at Bursa Malaysia’s website under the company announcements, http://www.bursamalaysia.com/market/listed-companies/company-announcements/ when making their investment decision.

 

The contents of the UMA query is as follows:-

 

We draw your attention to the recent sharp fall in price and high volume  traded of your Company’s shares  ("trading activity").

 

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 Rule 9.11 of ACE Market Listing Requirements ("LR"):-

 

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 Rules 9.09 and 9.10 of the 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 LR, in particular Rule 9.03 of the 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