XOX says unaware of reason for share price spike

KUALA LUMPUR: ACE market-listed XOX Bhd was unaware of any corporate developments or rumours that could have led to the sharp hike in its share price and high trading volume recently.

“The board wishes to confirm that to the best of its knowledge and after making due enquiry with the directors, namely Datuk Seri Abdul Azim Mohd Zabidi, Ng Kok Heng, Faizan Hassan, Izadeen Daud and Khoo Chuin Yuen and major shareholders of the company, namely Wong Yip Kee and Mara Inc Sdn Bhd, seeking the cause of the unusual market activity (UMA).