Two More Queries From Bursa Malaysia

What's up mate?

• Bursa Securities queries Compugates
  Written by Joseph Chin
  Thursday, 11 June 2009 15:31
  
  KUALA LUMPUR: Bursa Malaysia Securities Bhd has queried Compugates Holdings Bhd over the high daily volume in the company’s shares recently.
  
  The regulator said on June 11 investors should take note of the company’s reply to the unusual market activity query -- which would be posted at Bursa Malaysia’s website under the company announcements, http://announcements.bursamalaysia.com -- when making their investment decision.
  
  At 3.20pm, Compugates was unchanged at 7.5 sen with 57.23 million units done.

And..

• Bursa Securities queries SAAG over high volume
  Written by Joseph Chin
  Thursday, 11 June 2009 15:47
  
  KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query on SAAG Consolidated (M) Bhd over the high trading volume of its shares.
  
  The regulator said on June 11 that there was “persistent high trading interest” in the company's securities recently and directed SAAG to publicly confirm whether there was any corporate development relating to its group’s business and affairs that had not been previously announced that may account for the UMA including those in the stage of negotiation / discussion.
  It also queried SAAG whether there was any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity.
  
  “…whether you are aware of any other possible explanation to account for the unusual market activity; and your compliance with the Bursa Securities listing requirements (LR), in particular paragraph 9.03 of the Bursa Securities LR rules on immediate disclosure obligations,” it said.
  
  SAAG share price was up one sen to 37.5 sen with 75.7 million shares done at 3.45pm.

Let's see...