Anzo unaware of reason for sharp rise in share price

KUALA LUMPUR (March 29): Anzo Holdings Bhd said it is not aware of any corporate development that could have contributed to the recent sharp rise in the company’s share price.

In a reply to Bursa Malaysia’s unusual market activity (UMA) query yesterday, Anzo said after enquiring its directors and major shareholders, it is not aware of any rumour or report concerning the business and affairs of the company and its subsidiaries that may account for the UMA.

Last Wednesday, Anzo announced that its wholly-owned construction arm, Harvest Court Construction Sdn Bhd, had received a letter of intent from Tinta Anggun Engineering Sdn Bhd for a RM109.3 million contract to build Phase 2 of the Porto De Melaka Hotel and Resort development in Melaka

This article first appeared in The Edge Financial Daily, on March 29, 2017.

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