Borneo Oil Bhd, whose shares had seen a sharp rise in its trading volume, has prompted Bursa Malaysia Securities to query the company which is involved in gold mining, oil and gas and fast food.
The regulator had on Monday issued an unusual market activity (UMA) query on the sharp rise in the volume of the shares recently.
In its standard query over the UMA, Bursa Securities asked whether there was any corporate development relating to the company's business and affairs, that had not been announced, including those in the stage of negotiation or discussion.
It also queried the company whether there was any rumour or report concerning the business and affairs of the group that may account for the trading activity.
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The regulator had on Monday issued an unusual market activity (UMA) query on the sharp rise in the volume of the shares recently.
In its standard query over the UMA, Bursa Securities asked whether there was any corporate development relating to the company's business and affairs, that had not been announced, including those in the stage of negotiation or discussion.
It also queried the company whether there was any rumour or report concerning the business and affairs of the group that may account for the trading activity.
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