JOHORE TIN BERHAD
| Type | Reply to Query |
| Reply to Bursa Malaysia’s Query Letter – Reference ID | IQL-06112015-00001 |
| Subject | UNUSUAL MARKET ACTIVITY |
| Description |
JOHORE TIN BERHAD ("JTB" OR THE "COMPANY")
UNUSUAL MARKET ACTIVITY
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| Query Letter Contents | We draw your attention to the unusual rise in price 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, |
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We refer to Bursa Malaysia Securities Berhad (“Bursa Securities”) letter dated 6 November 2015 and query raised on same date on the unusual market activity (“UMA”) in relation to the unusual rise in price of the Company’s securities recently. On behalf of the Company, the Board of Directors hereby confirm that to the best of our knowledge and after making due enquiry with all the Board members, major shareholders and such other relevant persons, seeking their views on the matter that is the subject of the query, the Board of Directors is not aware of any of the following that may have contributed to the trading activity: 1. Any corporate development relating to the Group’s business and affairs that has not been previously announce that may account for the trading activity including those in the stage of negotiation/discussion; 2. Any rumour or report concerning the business and affairs of the Group that may account for the trading activity; 3. Any other possible explanation to account for the trading activity, The Board also confirms that the Company is in compliance with the Bursa Securities Listing Requirement in particular Paragraph 9.03 of the Main Market Listing Requirement on immediate disclosure obligations. This announcement is dated 6 November 2015. |
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Announcement Info
| Company Name | JOHORE TIN BERHAD |
| Stock Name | JOHOTIN |
| Date Announced | 06 Nov 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06112015-00016 |