KUALA LUMPUR: Bursa Malaysia Securities Bhd issued an unusual market activity (UMA) query to Globaltec Formation Bhd on Feb 25, 2026, following a sharp fall in the price of the company’s shares with increased trading volume recently.
In a filing with Bursa Malaysia on Wednesday, the exchange said investors are advised to take note of the company’s reply to the UMA query which would be posted at Bursa Malaysia’s website under the company announcements – http://www.bursamalaysia.com/market/listed-companies/company-announcements/, when making their investment decision.
Following the matter, in order for investors to be able to make informed investment decisions, the company has been requested to respond, after making due enquiry with its directors, major shareholders and such other relevant persons, to the queries for public release in accordance with Paragraph 9.11 of the Main Market Listing Requirements.
Among others, Globaltec is required to state whether there is 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 or discussion.
It must also clarify 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, the company is required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities Listing Requirements.
In addition, the company has been asked whether it is aware of any other possible explanation to account for the trading activity, and whether it is in compliance with the Bursa Securities Listing Requirements, in particular Paragraph 9.03 on immediate disclosure obligations.
“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,” it said.
In response to the query, Globaltec said it is not aware of any undisclosed corporate developments relating to its business and affairs that could account for the recent trading activity, including any currently under negotiation or discussion.
The company added that it is not aware of any rumour or report concerning the group’s business and affairs that may explain the trading activity, and the board has no other explanation for the movement.
Globaltec said it complies with the Bursa Securities Listing Requirements, in particular Paragraph 9.03 of the Bursa Securities Listing Requirements, on immediate disclosure obligations.
The company will make the necessary announcements to Bursa Securities promptly should there be any material development, it added. – BERNAMA
