KUALA LUMPUR: Bursa Malaysia Securities Bhd has queried BORNEO OIL BHD [] on Monday, Jan 24 over the unusual market activity (UMA) in the trading of its shares.
Bursa Securities had queried Borneo Oil over the sharp rise in the trading volume in its shares recently.
It said in accordance with the corporate disclosure policy on response to UMA, the company had to provide Bursa Securities with an announcement for public release after making due enquiry with the directors and major shareholders seeking the cause of the UMA in the company's shares.
At 10.26am, Borneo Oil rose 4 sen to 80.5 sen with 14 million shares done
Bursa Securities had queried Borneo Oil over the sharp rise in the trading volume in its shares recently.
It said in accordance with the corporate disclosure policy on response to UMA, the company had to provide Bursa Securities with an announcement for public release after making due enquiry with the directors and major shareholders seeking the cause of the UMA in the company's shares.
At 10.26am, Borneo Oil rose 4 sen to 80.5 sen with 14 million shares done
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