ANNOUNCEMENTS

UNUSUAL MARKET ACTIVITY

Apr 10, 2017

WILLOWGLEN MSC BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-10042017-00001
Subject UNUSUAL MARKET ACTIVITY
Description
WILLOWGLEN MSC BERHAD ("the Company")
- Unusual Market Activity
Query Letter Contents

We draw your attention to the sharp rise in price of your Company’s shares today (“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,

TAN YEW ENG
Vice President, Issuers,
Listing, Regulation

TYE/NZ

 

 

Reference is made to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 10 April 2017 querying the Company on an unusual market activity in relation to sharp rise in price of the Company’s shares today (“trading activity”). On behalf of the Company, the Board would like to confirm that to the best of its knowledge and after making due enquiry with the directors and major shareholder seeking their views on the matter that is the subject of the query:

  1. All matters required to be announced have been duly announced. There is no corporate development relating to the 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.
  2. We are not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity.
  3. We are not aware of any other possible explanation to account for the trading activity.
  4. The Company is in compliance with the Bursa Securities Main Market Listing Requirements (“LR”), in particular Paragraph 9.03 of the Bursa Securities LRi on immediate disclosure obligations.

The Company will make the necessary announcement to Bursa Securities of any material information in compliance with Paragraph 9.03 of Bursa Securities LR.

This announcement is dated 10 April 2017.

Announcement Info

Company Name WILLOWGLEN MSC BERHAD
Stock Name WILLOW
Date Announced 10 Apr 2017
Category General Announcement for PLC
Reference Number GA1-10042017-00060


 

 

 
Willowglen (Malaysia) Sdn. Bhd. (Company No. 351570-A). No 17, Jalan 2/149B, Taman Sri Endah, Bandar Baru Sri Petaling, 57000, Kuala Lumpur, Malaysia.
Tel: (603) 90571228 Fax: (603) 90571218

© 2013 Willowglen MSC Berhad (Company No. 462648-V). All Rights Reserved