Pelikan’s headquarters in Malaysia
The global stationery manufacturer received an unusual market activity query from the Malaysian stock exchange.
The Sun Daily reported on Bursa Malaysia, the Malaysian Stock Exchange, and its decision to issue an unusual market activity (UMA) query to Pelikan International Corp Bhd, “due to the recent sharp rise in its share price” and after the company yesterday saw its stocks close “as the seventh top gainer of the day”.
The stock exchange statement to Pelikan noted: “We draw your attention to the recent increase in price of your company’s shares (trading activity),” with the company’s share prices trading at 99.5 sen ($0.30/€0.22) last Thursday and closing at RM1.35 ($0.41/€0.30), after hitting a high of RM1.42 ($0.44/€0.32). The stock went up 16 sen ($0.05/€0.036) or 13.4 percent in one day, with some 27.08 million shares “changing hands”.
Pelikan International previously acquired its German and Austrian sales businesses and administrative functions in December 2013, and posted profits in 3Q2013 and in the first half of 2013 despite seeing a planned partnership with China Stationery Ltd. fail in September last year.