KUALA LUMPUR: Country Heights Holdings Bhd, in response to an unusual market activity (UMA) query issued by Bursa Malaysia, says it is not aware of any reason for the sharp fall in price and rise in volume of its shares today.
The property developer said it was unaware of corporate developments, rumours or reports concerning the group’s business and affairs that might account for the trading activity.
In its stock exchange filing, the company also said it was in compliance with the bourse’s listing requirements, in particular on immediate disclosure obligations.
Earlier today, Bursa Malaysia issued the UMA query, adding: “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 (section) when making their investment decision.”
The regulator asked Country Heights to disclose any corporate development, rumour or report concerning the company’s business and affairs, as well as any other possible explanation, to account for the trading activity.
At 5pm, Country Heights was among the top losers, dropping 35.5 sen to 83.5 sen, with 21.34 million shares changing hands.