Friday, December 9, 2011

LFE Corp continues to be traded actively

KUALA LUMPUR (Dec 9): LFE CORPORATION BHD [] shares continued to be traded actively on Friday, a day after the company had replied to a Bursa Malaysia Securities query that there was no material corporate development relating to its ''business that may have accounted for the unusual market activity (UMA) involving its shares on Dec 7.

At 9.30am, LFE Corp was up 3.5 sen with 6.99 million shares done.

The company had on Thursday said the UMA on Dec 7 could have been caused by its announcement on Dec 6 of the acquisitions of 5.7 million and 6.1 million shares respectively by Liew Teow Woon and Liew Chee Woon respectively on Dec 1, 2011.

The company said Lew Mew Choi had informed it that he disposed the said shares to Teow Woon and Chee Woon.

'Lew Mew Choi has further informed that he will provide the Company with a duly executed Form 29C (Notice of Person Ceasing to be a Substantial Shareholder) soonest possible and thereafter, the company will make the relevant announcement accordingly.

'Save for the above, the board of LFE Corp is unaware of any rumour or report concerning the business and affairs of the group that may account for the unusual market activity,' it said.

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