KUALA LUMPUR (June 9): JF Technology Bhd said it is unaware of the reason behind the recent spike in its share price, in response to the unusual market activity (UMA) query issued by Bursa Malaysia earlier today.
In a filing with Bursa, it said there is no corporate developments, rumour, report or any other explanation to account for the trading activity.
It added it is in compliance with Bursa’s listing requirements.
“The company will make the necessary announcement to Bursa Securities of any material information in compliance with Rule 9.03 of Bursa Securities Listing Requirements,” JF Technology said.
On Thursday, the counter surged 37 sen or 25% to close at RM1.83.
Today, JF Technology shares gained 3 sen or 1.64% to close at RM1.86, giving it a market capitalisation of RM234.36 million.