KUALA LUMPUR: Felda Global Ventures Holdings Bhd, whose share price hit limit-up on Monday, stated it was unaware of the reasons for the unusual market activity.
In its reply to Bursa Malaysia Securities on Tuesday, it said that it had enquired with the directors and major shareholders.
“The board acknowledges that there is no corporate development relating to FGV Group’s business that has yet to be announced that may account for the unusual market activity,” it said.
On Monday, its share price hit limit-up, surging 38 sen to RM1.65 briefly in the last 30 minutes of trading. It closed up 37 sen or 29.1% to RM1.64.
At midday on Tuesday, it had edged up one sen to RM1.65 after falling to an intra-morning low of RM1.58.
It was actively traded with 71.46 million shares done at prices ranging from RM1.58 to RM1.80.
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