SALUTE - Unusual Market Activity SALUTE - Unusual Market Activity ILC-17042023-00005 Bursa Malaysia Securities Berhad has on 17 April 2023 issued an UMA query on the sharp rise in the price and volume of the abovementioned security recently. In this respect, investors are advised to take note of the Company?s reply to the above UMA query which will be posted at Bursa Malaysia?s website under the company announcements,http://www.bursamalaysia.com/market/listed-companies/company-annou' target='_blank'>http://www.bursamalaysia.com/market/listed-companies/company-annou ncements/ when making their investment decision. The contents of the UMA query is as follows:- We draw your attention to the sharp rise in the price and volume 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 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. Vice President You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
0183 SALUTE, SALUTICA BERHAD - + SALUTE - Unusual Market Activity 17 Apr 2023, 11:26 SALUTE - Unusual Market Activity SALUTE - Unusual Market Activity ILC-17042023-00005 Bursa Malaysia Securities Berhad has on 17 April 2023 issued an UMA query on the sharp rise in the price and volume of the abovementioned security recently. In this respect, investors are advised to take note of the Company?s reply to the above UMA query which will be posted at Bursa Malaysia?s website under the company announcements,http://www.bursamalaysia.com/market/listed-companies/company-annou' target='_blank'>http://www.bursamalaysia.com/market/listed-companies/company-annou ncements/ when making their investment decision. The contents of the UMA query is as follows:- We draw your attention to the sharp rise in the price and volume 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 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. Vice President You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
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.
Response from Salutica:-
There is no corporate development relating to the Group’s business and affairs that has not been previously announced.
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.
Response from Salutica:-
The Group is unaware of any credible rumour or report concerning the business and affairs of the Group that may account for the trading activity.
3. Whether you are aware of any other possible explanation to account for the trading activity.
Response from Salutica:-
The other possible explanation may stem from the Group’s announcement on 3 April 2023 with regards to the Group’s subsidiary, Salutica Allied Solutions Sdn Bhd that has filed a writ of summons and statement of claim against Apple Malaysia Sdn Bhd in the Kuala Lumpur High Court Suit No: WA-22IP-1-01/2022. As at the date of this announcement, the legal suit is on-going with the original trial dates in the month of June remaining unchanged.
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.
Response from Salutica:-
The Group is in compliance with the Bursa Securities LR.
A classic example of main shareholder cum with veteran operator crashing other directors and retailers holding by totally sapu nearly all the floating shares in the market. Btw main shareholder didn't sell a single share. I doubt will have a big fall, i believe the operator will hold the price for a period of time..
daily tf appear to be double-maru. Strong buy still in position. Just be careful as the price already hitting the strong supply combined with previous strong SSR.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by mf > 2023-04-17 09:29 | Report Abuse
uma