Aturmaju Resources Berhad has entered into a Memorandum of Understanding with Yes’s Comm. Enterprise Sdn Bhd (YESS) to collaborate in a new retail business model and to supply the latter’s five retail outlets with an inventory tracking system.
Loss-making Aturmaju Resources Bhd plans to raise up to RM10.1 million via a renounceable rights issue to fund its diversification into the provision of information technology (IT) solutions and services.
Aturmaju Resources Bhd has decided to abort its proposed private placement after considering current market conditions, including the deteriorating price of its shares.
Aturmaju Resources Bhd (Aturmaju), whose share price hit an all time high of RM1.55 today as of midday trading break, was slapped with an unusual market activity (UMA) query by Bursa Malaysia over the share price rally.
Aturmaju Resources Bhd (Aturmaju), which saw its share price hit a multiple-year high of RM1.17 today, said it is not aware of any factor that may have contributed to the recent rally of its share price.