This article first appeared in The Edge Financial Daily on August 11, 2017 - August 17, 2017

KUALA LUMPUR: HCK Capital Group Bhd said it is unaware of any reason for the spike in its share price yesterday except for a couple of updates on corporate exercises.

The property, media and education group rose 26 sen or 26.26% to an all-time-high close of RM1.25, although trading volume was thin at 622,600.

Bursa Malaysia earlier in the day issued an unusual market activity (UMA) query to HCK after the share price hit limit-up.

The corporate updates HCK mentioned in its reply to the UMA query included the completion on Monday of the subdivision of every one share into five shares.

Another update concerned the group’s renounceable rights issue of 210.59 million warrants, whereby HCK announced that it has fixed the issue price of the warrants at five sen each and the exercise price of the warrants at 96 sen per warrant.