KUALA LUMPUR (May 12): Toyo Ventures Holdings Bhd, which received an unusual market activity (UMA) query from Bursa Malaysia on Thursday (May 12), clarified that it is not aware of any corporate development that would have caused the rise in its share price and volume.
The group also stressed that it is in compliance with the Bursa Securities Listing Requirements on immediate disclosure obligations.
The stock opened one sen or 1.49% higher at 68 sen and continued to surge to hit a high of 83.5 sen before it pared its gains towards the closing bell.
The counter closed eight sen or 11.94% higher at 75 sen, giving it a market capitalisation of RM88.28 million.
It saw a total of 7.6 million shares changing hands.
Since the beginning of the year, the stock has fallen by 47.92%.
In February this year, the printing inks and electrical discharge machining products manufacturer avoided trading suspension after it managed to submit its annual report for the financial period ended Sept 30, 2021 to Bursa Malaysia on Jan 31.
Toyo Ventures, which had changed its financial year end from June 30 to Sept 30, posted a net loss of RM12.92 million on revenue of RM99.88 million for the 15-month period ended Sept 30, 2021.