Tuesday, November 8, 2011

Bursa queries Sanichi Technology

KUALA LUMPUR (Nov 8): Bursa Malaysia Securities Bhd has issued an Unusual Market Activity (UMA) query to SANICHI TECHNOLOGY [] BHD [] on Tuesday, Nov 8 over the sharp rise in price and high volume of the company's shares.

At 9.15am, Sanichi was up 1.5 sen to 10 sen with 28.6 million shares traded.

Bursa had asked Sanichi to explain if the company was aware of any corporate developments, rumours or reports relating to its business and affairs that may account for the unusual market activity, or if there was any other possible explanation to account for the unusual market activity.

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