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Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

RAPID SYNERGY BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-10012024-00001
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description
UNUSUAL MARKET ACTIVITY ("UMA") - QUERY BY BURSA MALAYSIA SECURITIES BERHAD
Query Letter Contents

We draw your attention to the sharp fall in price of your Company’s shares 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 Listing Requirements :

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,

Bursa Malaysia Securities Berhad

Pursuant to Paragraph 9.11 of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad (“Bursa Securities”) on response to Unusual Market Activity ("UMA") query dated 10 January 2024 in relation to sharp fall in price of Rapid Synergy Berhad's (“RSB” or “the Company”) shares recently (“trading activity”), the Board of Directors (“Board”) of RSB after made due enquiry, wishes to advise that, to the best of their knowledge, there have been no undisclosed development which would account for the UMA saved and except as disclosed in the file attached herewith.   

 

Please refer to the attachment file for the responses and explanation of the Board. 

 

This announcement is dated 11 January 2024.



Please refer attachment below.

Attachments

RAPS01-A2401-UMA-Reply-R3.pdf
93.7 kB



Announcement Info

Company Name RAPID SYNERGY BERHAD
Stock Name RAPID
Date Announced 11 Jan 2024
Category General Announcement for PLC
Reference Number GA1-11012024-00006



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