GR Engineering Services Limited (ASX:GNG) Responds to ASX Inquiry
Recent Trading Activity
GR Engineering Services Limited (ASX:GNG) confirmed that it is unaware of any undisclosed information that could explain the recent fluctuation in its share price, which rose from a low of $2.32 to an intraday high of $2.92. The company stated its ongoing compliance with Listing Rules, particularly Listing Rule 3.1.
Compliance Assurance
The response to the ASX inquiry on December 12, 2024, assures investors that GNG is adhering to its continuous disclosure policy. Omesh Motiwalla, Chief Financial Officer and Company Secretary, confirmed that all responses were authorised by the Board or a designated officer.
No Explanation for Price Change
GR Engineering Services reiterated that it does not have any explanations for the trading activity other than its compliance with market regulations, stating, “The Company is not aware of any other explanation for the recent trading in its securities.” The company remains committed to transparency and regulatory compliance.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Gr Engineering Services. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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