KUALA LUMPUR: Nationgate Holdings Bhd has denied any involvement in a fraud case in Singapore linked to the alleged movement of Nvidia chips.
In a filing to Bursa Malaysia, the company clarified that the case involves an Nvidia Cloud Partner (NCP) unrelated to the group.
“We remain committed to transparency and compliance with all regulations and will continue to monitor the situation,” it said.
Nationgate also responded to Bursa Malaysia’s unusual market activity (UMA) query, stating it was unaware of any reason for the trading volatility. It added that no undisclosed corporate developments, including negotiations, could explain the movements.
Nationgate’s shares surged 20.7 per cent in early trade yesterday, rebounding from a sharp drop a day earlier that triggered Bursa Malaysia Securities Bhd’s UMA query.
At 5 pm on Monday, the stock closed 55 sen lower at RM1.30, with 48.85 million shares traded.
Trading was halted for an hour this morning, and upon resumption, the share price jumped 27 sen to RM1.57, with 77.45 million shares changing hands. – BERNAMA
