Bursa Malaysia Securities Bhd has queried NWP Holdings Bhd over the sharp fall in price and high volume traded recently.
The regulator had on Friday directed the timber products company to enquire with the directors, major shareholders on whether there were any reasons for the unusual market activity.
Bursa Securities also queried NWP whether there was any corporate development relating to its 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.
It also queried NWP whether there is 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 Friday directed the timber products company to enquire with the directors, major shareholders on whether there were any reasons for the unusual market activity.
Bursa Securities also queried NWP whether there was any corporate development relating to its 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.
It also queried NWP whether there is any rumour or report concerning the business and affairs of the group that may account for the trading activity.
Its share price had fallen from 38.5 sen on Wednesday to a low of 27.5 sen early Friday. At 9.48am, it was unchanged at 30 sen.
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