UNUSUAL MARKET ACTIVITY

IRE-TEX CORPORATION BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-13032018-00001
Subject UNUSUAL MARKET ACTIVITY
Description
IRE-TEX CORPORATION BERHAD (576121-A)  -UNUSUAL MARKET ACTIVITY
Query Letter Contents

We draw your attention to the sharp rise in price and volume of your Company’s securities recently (“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 paragraph 9.11 of the Main 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 decisions
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,
HENG TECK HENG
Vice President, Issuers,
Listing, Regulation
/TEK

We refer to your letter ref IQL-13032018-00001 dated 13 March 2018 on unusual market activity in Ire-Tex Corporation Berhad’s ("Iretex" or "the Company") shares recently.

 

The Board of Directors of Iretex wishes to inform Bursa Securities that :-

 

1. The Directors confirmed there is no corporate development in the Company's business and affairs not previously disclosed or announced;

 

2. The Directors are not aware of any rumour or report which contains information which has or is likely to have an effect in the trading of the Company's securities;

 

3. To the knowledge of the Directors there is no reason or other possible explanation to account for the unusual market activity; and

 

4. The Company has at all-time been and will continue to be in compliance with the Listing Requirements of Bursa Malaysia Securities Berhad, in particular paragraph 9.03 on disclosure of material information.

 

5. The Company also made enquiry with the major shareholders and one shareholder has confirmed not aware of any material development and pending other major shareholders’ reply.

 

This announcement is dated 13 March 2018.





Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 13 Mar 2018
Category General Announcement for PLC
Reference Number GA1-13032018-00066