Jade Marvel unaware of spike in share price, volume : vimars

Jade Marvel unaware of spike in share price, volume


, whose share price surged to an intra-day high of RM1.30 in active trade last Friday and prompted a query from Bursa Malaysia Securities, replied it was unaware of the reason for the unusual market activity.
In its response on Monday, it said there was no any other corporate development relating to the group’s business and affairs that has not been previously announced that may account for the trading activity.
Jade Marvel said it had on April 13 announced it plans to undertake a private placement of up to 10% of the total number of issued shares of JMGB or to third party investor(s) to be identified later.

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