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Letter Subject Or Reference - Unusual Market Activity

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May 28, 2024
Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-28052024-00001
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description Southern Score Builders Berhad ("SSBB" or "the Company") - Reply to Query on 28 May 2024
Query Letter Contents

We draw your attention to the sharp rise in price 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

Reference is made to the letter dated 28 May 2024 (ref.: IQL-28052024-00001) from Bursa Malaysia Securities Berhad (“Bursa Securities”) regarding the sharp rise in price of the Company’s shares recently (”trading activity”).

In accordance with Paragraph 9.11 of the ACE Market Listing Requirements of Bursa Securities (“Bursa Securities LR”), after making due enquiry on the matter with the Directors, major shareholders and such other relevant persons, the Board of Directors of Southern Score Builders Berhad (“the Board”) would like to inform that to the best of their knowledge:-

  • save for the proposed acquisition by the Company of 1,275,000 ordinary shares in SJEE Engineering Sdn Bhd ("SJEE"), representing 51% equity interest in SJEE from Ngo Hea Bing for a total cash consideration of RM22,950,000 which was announced on 13 May 2024, the Board is not aware of any other corporate developments relating to the business and affairs of the Company and its subsidiary (collectively referred to as the “Group”) that has not been previously announced that may account for trading activity including those in the state of negotiation/discussion;
  • the Board is not aware of any rumors or report concerning the business and affairs of the Group that may account for the trading activity; and
  • the Board is not aware of any other possible explanation to account for the trading activity.

Further, the Board wishes to confirm that the Company is in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa Securities LR on immediate disclosure obligations.

This announcement is dated 28 May 2024.

Announcement Info

Company Name SOUTHERN SCORE BUILDERS BERHAD
Stock Name SSB8
Date Announced 28 May 2024
Category General Announcement for PLC
Reference Number GA1-28052024-00031