GIIB

0.355

+0.005 (+1.4%)

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

GIIB HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-04052026-00003
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description 
GIIB HOLDINGS BERHAD ("GIIB" OR "THE COMPANY") - UNUSUAL MARKET ACTIVITY ("UMA")
Query Letter Contents

We draw your attention to the sharp rise in price with increased trading volume of your Company's shares recently ("trading activity").
In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of Listing Requirements :

1. Whether there is any corporate development relating to your 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. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions
2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;      
3. Whether you are aware of any other possible explanation to account for the trading activity; and       
4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.

 

Yours faithfully,
Bursa Malaysia Securities Berhad

We refer to the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 4 May 2026 regarding the sharp rise in price and increased trading volume of the Company's shares recently.


The Board of Directors of GIIB, after having made due enquiry with the directors, major shareholders, and relevant persons, wishes to provide the following responses to the queries raised by Bursa Securities:


1. Any corporate development relating to the Group's business and affairs that has not been previously announced including those in the stage of negotiation/discussion.


The Board wishes to inform that the Company is currently in the midst of considering a potential investment in a healthcare-related business. As of the date of this announcement, the details and terms of the proposed investment have yet to be finalised. 

The Company will make the necessary announcements in compliance with the Bursa Securities Listing Requirements (LR) should there be any material developments regarding this matter. 

Save for the above, the Board is not aware of 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.


2. Any rumour or report concerning the business and affairs of the Group that may account for the trading activity.


The Board is not aware of any specific rumour or report concerning the business and affairs of the Group that may account for the trading activity.


3. Any other possible explanation to account for the trading activity.


Save for the potential investment mentioned in Query 1, the Board is not aware of any other possible explanation to account for the trading activity.


4. Compliance with the Bursa Securities LR, in particular Paragraph 9.03 on immediate disclosure obligations.


The Company confirms that it is in compliance with the Bursa Securities LR, in particular Paragraph 9.03 regarding immediate disclosure obligations.

 

This announcement is dated 4 May 2026.


Announcement Info

Company Name GIIB HOLDINGS BERHAD
Stock Name GIIB
Date Announced 04 May 2026
Category General Announcement for PLC
Reference Number GA1-04052026-00045


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