UNUSUAL MARKET ACTIVITY
|Type||Reply to Query|
|Reply to Bursa Malaysia's Query Letter - Reference ID||IQL-10012017-00002|
|Subject||UNUSUAL MARKET ACTIVITY|
|Description||IFCA MSC Berhad ("IFCA" or "THE COMPANY")|
|Query Letter Contents||
We draw your attention to the surge in price and volume of your Company's shares today ("trading activity").
Reference is made to the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 10 Jan 2017 querying the Company on the surge in price and volume of the Company's shares on 10/01/2017 ("Trading Activity").
The Board of Directors ("Board") of IFCA wishes to inform that to the best of their knowledge and after making due enquiry with the directors and major shareholders of the Company, IFCA is:
1. Not aware of 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/discussion.
2. Not aware of any rumour or report concerning the business and affairs of the Group that may account for the Trading Activities.
3. Not aware of any other possible explanation to account for the Trading Activity; and
4. In compliance with the Bursa Securities Listing Requirement, in particular Rule 9.03 of the LR on immediate disclosure obligations.