Paragon Union Berhad (PUB) has confirmed that it is not aware of any undisclosed corporate developments, rumours or other explanations that may have contributed to the sharp decline in its share price.
The company issued the clarification following a Unusual Market Activity (UMA) query from Bursa Malaysia Securities Berhad dated June 12, 2026, which sought an explanation regarding the significant drop in PUB’s share price.
In its response, PUB said the Board of Directors had conducted enquiries with directors, major shareholders and other relevant parties regarding any potential developments involving the company and its subsidiaries.
“After having made due enquiries, there is no corporate development relating to the 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 or discussion,” the company said.
PUB also confirmed that it was not aware of any rumours or reports concerning the Group’s business and affairs that could explain the unusual trading activity.
The company added that it remained in compliance with Bursa Malaysia’s Listing Requirements, including Paragraph 9.09 and Paragraph 9.10 relating to disclosure obligations, as well as Paragraph 9.03 on immediate disclosure requirements.
“We are not aware of any other possible explanation to account for the trading activity,” PUB said.
The clarification was issued to Bursa Malaysia after the exchange highlighted a sharp fall in PUB’s share price and requested further information to allow investors to make informed investment decisions.
