UMA for Can-One after spike in stock price
KUALA LUMPUR: Can-One Bhd attracted an unusual market activity (UMA) query from Bursa Securities yesterday after its shares spiked 29.2% to close at RM1.37. The latest of a string of companies that have courted a UMA query in recent months, Can-One opened at RM1.06 and shot up by 31 sen yesterday to close at RM1.37, the highest in at least 52 weeks, with 6.95 million shares done.
Can-One was yesterday’s third top gainer in absolute share price terms, behind Kuala Lumpur Kepong Bhd that added RM1.76 to close at RM25.26 and Dutch Lady Milk Industries Bhd, which gained RM1 to close at RM25.
In reply to the query, Can-One directors said they were not aware of any rumour, report or other factors that may have caused the jump in its share price. There are also no unannounced material corporate development or on-going negotiations, it said, adding that necessary disclosures would be made, should any arise.
BHIC quashes privatisation talks
KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) yesterday denied being part of any on-going privatisation talks.
In a statement to Bursa Malaysia to clarify media reports following the rise in its share price, BHIC said it “had not received any indication or direction from its shareholders with regard to any major acquisition of shares in the company which might include a privatisation”.
The company reiterated that its major shareholder, Boustead Holdings Bhd, had on Dec 21, 2011, “publicly announced” it was “not considering any proposal to privatise BHIC”.
KUALA LUMPUR: Can-One Bhd attracted an unusual market activity (UMA) query from Bursa Securities yesterday after its shares spiked 29.2% to close at RM1.37. The latest of a string of companies that have courted a UMA query in recent months, Can-One opened at RM1.06 and shot up by 31 sen yesterday to close at RM1.37, the highest in at least 52 weeks, with 6.95 million shares done.
Can-One was yesterday’s third top gainer in absolute share price terms, behind Kuala Lumpur Kepong Bhd that added RM1.76 to close at RM25.26 and Dutch Lady Milk Industries Bhd, which gained RM1 to close at RM25.
In reply to the query, Can-One directors said they were not aware of any rumour, report or other factors that may have caused the jump in its share price. There are also no unannounced material corporate development or on-going negotiations, it said, adding that necessary disclosures would be made, should any arise.
BHIC quashes privatisation talks
KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) yesterday denied being part of any on-going privatisation talks.
In a statement to Bursa Malaysia to clarify media reports following the rise in its share price, BHIC said it “had not received any indication or direction from its shareholders with regard to any major acquisition of shares in the company which might include a privatisation”.
The company reiterated that its major shareholder, Boustead Holdings Bhd, had on Dec 21, 2011, “publicly announced” it was “not considering any proposal to privatise BHIC”.
