Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 10 May 2024
Category: General Announcement for PLC
Reference Number: GA1-10052024-00080
Reference is made to the letter dated 10 May 2024 (ref.: IQL-10052024-00002) from Bursa Malaysia Securities Berhad (“Bursa Securities”) regarding the sharp rise in price and trading volume of the Company’s shares recently (”trading activity”).
After due enquiry on the matter with the Directors and major shareholders and such other relevant persons, the Board of Directors of Kobay Technology Bhd. (“Board” or “the Company”) would like to confirm that to their best of their knowledge, the Board is not aware of any of the following that may have contributed to the Unusual Market Activity :-
- any corporate development relating to Kobay Group’s business and affairs that has not been previously announced that may account for Unusual Market Activity including those in the state of negotiation/discussion;
- any rumour or report concerning the business and affairs of Kobay Group that may account for the trading activity; and
- any other possible explanation to account for the trading activity.
Further, the Board wishes to confirm that the Company is in compliance with Paragraph 9.03, 9.09 and 9.10 of Bursa Securities Listing Requirements.
This announcement is dated 10 May 2024.