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UNUSUAL MARKET ACTIVITY

RAPID SYNERGY BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-19012024-00002
Subject UNUSUAL MARKET ACTIVITY
Description
UNUSUAL MARKET ACTIVITY ("UMA") - QUERY BY BURSA MALAYSIA SECURITIES BERHAD
Query Letter Contents

We refer to your Company's reply to query announcement dated 11 January 2024, in respect of the aforesaid matter.

 

In this connection, kindly furnish Bursa Malaysia Securities Berhad with the following additional information for public release:-

 

1. Please provide more specific information with respect to your statement: “The management is currently considering proposals to sell certain landed properties of the Company and its subsidiaries”, which shall include the following:

(a) Identities of the properties including the location and total size.

(b) Current stage of negotiations.

(c) Indicative timeline to finalise the disposals.

(d) Indicative or range of the purchase consideration and their materiality pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements. 

 

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

 

Yours faithfully

 

 

 

 

Listing

Regulation

 

cc:-   Market Surveillance, Securities Commission

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") queries dated 10 January 2024 and 19 January 2024 respectively in relation to the sharp fall in price of Rapid Synergy Berhad's (“RSB” or “the Company”) shares recently (“trading activity”), the Board of Directors (“Board”) of RSB wishes to response to the further queries from Bursa Securities on UMA, as per disclosure in the file attached herewith.

 

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

 

This announcement is dated 22 January 2024.



Please refer attachment below.



Announcement Info

Company Name RAPID SYNERGY BERHAD
Stock Name RAPID
Date Announced 22 Jan 2024
Category General Announcement for PLC
Reference Number GA1-22012024-00084



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