KUALA LUMPUR: Rapid Synergy Bhd
, the top loser on Bursa Malaysia yesterday, has received an unusual market activity (UMA) query on the sharp fall in its share price.
The industrial mould manufacturer plunged RM7.02, or 30% to RM16.38. The counter has fallen about 40% in the past one month.
“Investors are advised to take note of the company’s reply to the UMA query which will be posted at Bursa’s website under the company announcement when making their investment decision,” the stock market operator said.
Rapid Synergy has been asked to disclose any corporate development relating to its business and affairs that has not been previously announced that might account for the trading activity, including those in the stage of negotiations or discussions.
As at press time, Rapid Synergy had yet to reply to Bursa’s query.
In the first quarter ended Sept 30, Rapid Synergy posted a net profit of RM13.8mil on revenue of RM7.9mil.
On April 26, 2023, the company changed its financial year end from Dec 31 to June 30.
