PJBumi Bhd confirms that they are not aware of any undisclosed corporate developments, rumours or reports that could have contributed to the sharp rise in its share price recently.
It also states that they are not aware of any other possible explanation for the trading activity.
The company was slapped with an unusual market activity (UMA) by Bursa Malaysia earlier today.
The engineering and construction services company experienced a significant increase in its stock price, with a 22.4% rise to RM1.53, its highest level in at least five years. Over the past five days, the company’s stock has risen by 44.34%.
PJBumi said it will make necessary announcements upon execution of any agreement, and are in compliance with Bursa Securities listing requirements. – TMR / pic credit: ANNUAL REPORT
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