GLOTEC

0.835

-0.02 (-2.3%)

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

GLOBALTEC FORMATION BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-25022026-00001
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description
GLOBALTEC FORMATION BERHAD ("GFB" or "Company")
Unusual Market Activity 
Reply to Query
Query Letter Contents

We draw your attention to the sharp fall in price with increased trading volume 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

GLOBALTEC FORMATION BERHAD (“GFB” or “Company”)

Unusual Market Activity

Reply to Query

Reference is made to Bursa Malaysia Securities Berhad’s (“Bursa Securities") query dated 25 February 2026 on the sharp fall in price with increased trading volume of the Company’s shares recently (“Trading Activity”).

The Board of Directors (“Board”) of GFB wishes to inform that to the best of their knowledge and after making due enquiry with the directors and major shareholders of the Company, GFB is:

 

  1. not aware of any corporate development relating to the 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.
  2. not aware of any rumour or report concerning the business and affairs of the Group that may account for the Trading Activity;
  3. the Board is not aware of any other possible explanation to account for the Trading Activity; and
  4. in compliance with the Bursa Securities Listing Requirements, in particular Paragraph 9.03 of the Bursa Securities Listing Requirements on immediate disclosure obligations.

 

The Company will make the necessary announcements to Bursa Securities in a timely manner should there be any material development.

 

This announcement is dated 25 February 2026.





Announcement Info

Company Name GLOBALTEC FORMATION BERHAD
Stock Name GLOTEC
Date Announced 25 Feb 2026
Category General Announcement for PLC
Reference Number GA1-25022026-00132