Mar 17, 2016 - compliance with its obligations under the ACE Market Listing Requirements of. Bursa Securities (âListin
INIX TECHNOLOGIES HOLDINGS BERHAD (“INIX” OR “COMPANY”) REPLY TO THE LETTER FROM BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) DATED 17 MARCH 2016 (REF: IQL-17032016-00001)
After having made due enquiries with the directors, major shareholders and such other relevant persons, our reply to the query by Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 17 March 2016 is as follows: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 decision; Save and except that the Company is in the midst of discussions for a potential acquisition of a stake in an information technology company of which the terms have not been finalised at this juncture (“Potential Acquisition”), there has not been any corporate development related to the Group’s business and affairs that has not been previously announced that may account for the trading activity. The Company will make the necessary announcement(s) on the Potential Acquisition in compliance with its obligations under the ACE Market Listing Requirements of Bursa Securities (“Listing Requirements”) after the Company executes the sale of shares agreement. Please note that there is no certainty that the discussion will result in the signing of the sale of shares agreement.
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 Rules 9.09 and 9.10 of the LR; No, there is no rumour or report that we are aware of concerning the business and affairs of the Group that may account for the trading activity and in this respect, we are in compliance of Rules 9.09 and 9.10 of the LR;
3.
Whether you are aware of any other possible explanation to account for the trading activity; and No, we are unaware of any possible explanation to account for the unusual trading activity.
4.
Whether you are in compliance with the LR, in particular Rule 9.03 of the LR on immediate disclosure obligations. Yes, the Company is in compliance with the Listing Requirement in particular Rule 9.03 of the LR on the immediate disclosure obligations
