Letter Subject or Reference – UNUSUAL MARKET ACTIVITY

General Announcements, Reply To Bursa Queries, Uncategorized / By

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

TypeReply to Query
Reply to Bursa Malaysia’s Query Letter – Reference IDIQL-14062024-00001
SubjectLetter Subject or Reference – UNUSUAL MARKET ACTIVITY
DescriptionUNUSUAL MARKET ACTIVITY (“UMA”) – QUERY BY BURSA MALAYSIA SECURITIES BERHAD
(REF NO. : IQL-14062024-00001)
Query Letter Contents

We draw your attention to the sharp rise in price and trading volume of your Company’s shares today (“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.

Yours faithfully,

Bursa Malaysia Securities Berhad

We refer to Bursa Malaysia Securities Berhad (“Bursa Securities”)’s Unusual Market Activity query dated 14 June 2024 in relation to the sharp rise in the price and trading volume of P.I.E. Industrial Berhad (“Company”)’s shares, the Board of Directors wish to confirm that to the best of their knowledge and after having made due enquiries with the Directors, major shareholders and such other relevant persons, the following:

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.

There is no corporate development relating to the Company and its subsidiary companies (“Group”)’s business and affairs that has not been previously announced that may account for the trading activity including those in stage of negotiation/discussion.

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.

There is no rumour or report concerning the business and affairs of the Group that may account for the trading activity and the Company is in compliance 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.

We are not aware of any other possible explanation to account for the trading activity.

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.

We are in compliance with Bursa Securities LR, in particular Paragraph 9.03 of the Bursa Securities LR on immediate disclosure obligations.

This announcement is dated 14 June 2024.