Bursa Malaysia Securities Bhd (Bursa Securities) advises investors to be careful and make the right decisions in trading Dataprep Holdings Bhd shares which recently recorded a spike in price as well as volume.
According to Bernama, Bursa Securities also informed that it will not hesitate to take appropriate action to ensure orderly and fair trading for Dataprep shares.
According to a statement issued yesterday, Bursa Securities highlighted the response of information and communication technology service providers to the unusual market activity (UMA) inquiry issued on March 1.
"The company, in response to UMA's inquiry, clarified that they were not aware of any corporate developments or explanations that could give rise to unusual trading activity in its shares except for the announcements made on February 15, 16 and 23," he said.
On February 15, Dataprep announced the successful acquisition of a 51% stake in multimedia components and hardware distributor, Ridaa Associates Sdn Bhd for RM3 million while the announcements made on February 16 and 23 were in relation to the proposed private placement of up to 20% of Dataprep's total issued shares. .
When the market closed yesterday, Dataprep shares rose 50 sen or 18.87% higher at RM3.15 after hovering between RM2.65 and RM3.33 yesterday, with 63.68 million shares changing hands.
At the time of this writing, Dataprep shares were down 25 sen or 7.94% to RM2.90.
