We refer to the letter dated 6 August 2014 from Bursa Malaysia Securities Berhad (“Bursa Securities”) in relation to the recent rise in price and volume of the shares of Ideal Jacobs (Malaysia) Corporation Berhad ("IJacobs" or the "Company") (“Trading Activity”).
Save for the announcement released on 16 June 2014 in relation to the heads of agreement entered into in relation to the proposed reverse take-over of IJacobs by Cekap Technical Services Sdn Bhd and Mecip Global Engineers Sdn Bhd, the Company would like to confirm that after making due enquiry with the Directors and major shareholders of the Company seeking the cause of the Trading Activity, the Company is not aware of:
1. any other corporate development relating to the IJacobs group’s business and affairs that has not been previously announced including those in the stage of negotiation/discussion that would account for the Trading Activity;
2. any rumour or report concerning the IJacobs group’s business and affairs that would account for the Trading Activity; and
3. any other possible explanation that would account for the Trading Activity.
The Company will make the necessary announcement to Bursa Securities of any material information in compliance with the ACE Market Listing Requirements ("AMLR") in particular Rule 9.03 of the AMLR on immediate disclosure obligation.
This announcement is dated 6 August 2014.