Rapid Synergy Bhd (Rapid), which is a top loser on Bursa Malaysia, received an unusual market activity (UMA) query from Bursa Malaysia Securities Berhad today (Jan 10) on the sharp fall in the price of its share price.
The group saw a sharp decline by 30%, falling RM7.02 to RM16.38. The counter has fallen around 40% over the past month.
In this respect, Bursa Malaysia advised investors to take note of the company’s reply to the above UMA query when making investment decision.
“It will be posted at Bursa Malaysia’s website under the company announcements,” it said.
It requested Rapid to respond to the following queries immediately for public release, after making due enquiry with your directors, major shareholders and such other relevant persons.
“This is so that investors will be able to make informed investment decisions,” Bursa Malaysia added.
The queries include whether there are any corporate development relating to your group’s business and affairs, any rumour or report concerning the business and the group’s affairs as well as explanation for to account for the trading activity and compliance check.
“Please note that the contents of the announcement must be endorsed by its Board of Directors and the announcement must reach Bursa Securities immediately via Bursa LINK,” it told the industrial mould manufacturer.
