Reply to Bursa Malaysia's Query Letter - Reference ID
:
NM-130221-59928
Subject
:
Unusual Market Activity
Description
:
The Media Shoppe Berhad ("TMS" and "Company") - Bursa Malaysia Securities Berhad's letter dated 21 February 2013 querying the Company on an unusual market activity refers (Ref: NM-130221-59928)
Query Letter content
:
We draw your attention to the sharp rise in volume in your Company’s shares recently.
In accordance with the Corporate Disclosure Policy on Response To Unusual Market Activity pursuant to Rule 9.11 of the Ace Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities LR”), you are requested to furnish Bursa Malaysia Securities Berhad (“Bursa Securities”) with an announcement for public release after making due enquiry with your directors and major shareholders seeking the cause of the unusual market activity in the Company’s shares.
In this respect, you are also required to publicly confirm, amongst others, the following:-
1. whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decision;
2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity and in this respect, you are required to comply with Rules 9.09 and 9.10 of Bursa Securities LR;
3. whether you are aware of any other possible explanation to account for the unusual market activity; and
4. your compliance with the Bursa Securities LR, in particular Rule 9.03 of the Bursa Securities LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.
Yours faithfully
TAN YEW ENG Head, Issuers Listing Division Regulation
With reference to the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 21 February 2013 querying the Company on an unusual market activity in relation to the sharp rise in volume of trading of the Company’s shares. On behalf of the Company, the Company would like to confirm that to the best of its knowledge and after making due enquiry with the directors and major shareholders seeking their views on the matter that is the subject of the query, the Company is not aware of any of the following that may have contributed to the unusual market activity:
1. any corporate development relating to the Group’s business and affairs that has not been previously announced that may account for the unusual market activity including those in the stage of negotiation/discussion;
2. any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity; and
3. any other possible explanation to account for the unusual market activity.
The Company will make the necessary announcement to Bursa Securities of any material information in compliance with Rule 9.03 of Bursa Securities ACE Market Listing Requirements.
