SMRT in the dark over reason for share price spike

October 12, 2017 | By | Reply More

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PETALING JAYA: SMRT Holding Bhd has clarified that it is in the dark over any reasons that could have contributed to the sudden surge in its share price on Thursday.

The education, talent development and talent technology group saw its share price jump 39.5% to hit 26.5 sen and settle at 22 sen just before trading in the stock was suspended on Thursday. SMRT closed at 19 sen on the previous day. Trading in SMRT will resume tomorrow.

SMRT’s board of directors said despite having made due enquiries, the group was unable to find any possible explanation to account for the unusual market activity and the increase in share price and volume of activity.

“There is no corporate development relating to the group’s business including those in the stage of negotiation or discussion that has not been previously announced that may account for the trading activity. There is no rumour or report concerning the business and affairs of the group that may account for the unusual market activity,” it said.

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