Letter Subject Or Reference - Unusual Market Activity
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-21022023-00001 |
| Subject | Letter Subject or Reference - UNUSUAL MARKET ACTIVITY |
| Description | NEXTGREEN GLOBAL BERHAD - UNUSUAL MARKET ACTIVITY |
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Query Letter Contents
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We draw your attention to the sharp rise in price and trading volume of your Company’s shares recently (“trading activity”).
In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of Listing Requirements :
Yours faithfully, Bursa Malaysia Securities Berhad |
Reference is made to the letter dated 21 February 2023 received from Bursa Malaysia Securities Berhad ("Bursa Securities") querying on the unusual market activities ("UMA") of the Company in relation to the recent sharp rise in price and volume of the Company's shares.
The Board of Directors of Nextgreen Global Berhad ("Board") wishes to confirm that, to the best of their knowledge and after making due enquiry with all the Company's directors, major shareholder as well as such other relevant persons, 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 trading 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 decisions;
The Board is not aware of any corporate development relating to the Group's business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion.
2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;
The Board is not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity.
3. Whether you are aware of any other possible explanation to account for the trading activity; and
The Board is not aware of any possible explanation to account for the trading activity.
4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.
The Group is in compliance with the Bursa Securities Listing Requirements, in particular Paragraph 9.03 of the Bura Securities Listing Requirements on immediate disclosure obligations.
This announcement is dated 21 February 2023.
Announcement Info
| Company Name | NEXTGREEN GLOBAL BERHAD |
| Stock Name | NGGB |
| Date Announced | 21 Feb 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21022023-00049 |