Xian Leng says unaware of reason for spike in share price

PETALING JAYA: Xian Leng Holdings Bhd, in response to an unusual market activity query by Bursa Malaysia which was not posted on the website, said there are no undisclosed developments that might have account for the sudden spike in its share price.
Last Friday, Xian Leng's shares hit an intra-day high of 64 sen, before closing 11 sen or 19% higher at 56.5 sen, with over 1.4 million shares traded.
On June 2, Xian Leng's shares closed at 36 sen.
Its net profit for the fourth quarter ended Jan 31, 2015 fell by 28% to RM430,000, compared with RM599,000 in the previous corresponding quarter. Revenue for the quarter however increased to RM3.3 million from RM2.8 million previously.
Xian Leng which is a Malaysia-based investment holding company engaged in breeding and trading of ornamental fishes.