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MGRC unaware of reasons for sharp fall in share price

03/08/2022 07:20 PM

KUALA LUMPUR, Aug 3 (Bernama) -- Malaysian Genomics Resource Centre Bhd (MGRC) is not aware of any corporate development or other reasons for the sharp fall in its share price recently.

The genomics firm which provides healthcare services such as genetic screening and cancer-related immunotherapy, said its board had made due enquiry on the matter with the company’s directors, major shareholders and such other relevant persons.

In its reply to Bursa Malaysia Securities’ unusual market activity (UMA) query, MGRC said it, however, remained unaware of any corporate development, including those at the stage of negotiation or discussion, as well as any rumour, report or other possible explanations for the trading activity.

“Further, the board of directors wishes to confirm that the company is in compliance with Bursa Securities Listing Requirements (LR), in particular, Paragraph 9.03 of the LR on immediate disclosure obligations,” it said.

At the close today, MGRC shares rose 7.5 sen to 78.5 sen per share with 22.53 million shares traded.




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