Reference is made to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 10 November 2021 relating to the sharp rise in price and volume of TAFI Industries Berhad (TAFI) shares recently (“trading activity’).
In accordance with Paragraph 9.11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("LR"), the Board of Directors of TAFI (“Board”) after having made due enquiry with all the Directors, major shareholders and such other relevant persons, wishes to inform that to the best of their knowledge, the following:
The company is still in the midst of deliberating on a corporate transaction to inter-alia enhance the tradeability and marketability of its shares, wherein the details have yet to be finalised at this juncture;
We are not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity;
We are not aware of any other possible explanation to account for the trading activity; and We are in compliance with the LR, in particular Paragraph 9.03 of the LR on the immediate disclosure obligations.
#From the notice, probably has bonus issue in the future, but didn't satisfy Bursa maybe#
Another EURO in the makiñg. Same type of biz, also furniture manufacturing. Remember euro was goreng from just 0.10 to a high of 5+ in a matter of less than a year if I am not mistaken. Can tafi also be like this
KUALA LUMPUR (Nov 11): TAFI Industries Bhd’s shares on Bursa Malaysia was higher in the early session today after the group announced that it is still in the midst of deliberating on a corporate transaction to enhance the trading and marketability of its shares, among other things. The group said this in response to Bursa Malaysia’s unusual market activity (UMA) query yesterday. At 9.59 am, the counter rose 16 sen to RM3.99 with 3.57 million shares changing hands. In a filing with Bursa yesterday, TAFI Industries said it has yet to finalise the details of the transaction.
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lalazai9
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Posted by lalazai9 > 2021-11-09 14:45 | Report Abuse
Sold 100k profit, cut shark vegetable, thx shark haha