Kuala lumpur: MClean Technologies Bhd's board of directors has stated that it is unaware of the reasons for the significant rise in both the price and volume of the company's shares. The stock, which opened at 47.5 sen, witnessed a surge to 53 sen, marking its highest point in recent months.

According to BERNAMA News Agency, the company disclosed in a Bursa Malaysia filing, responding to an unusual market activity query from the exchange, that the board could not identify any specific factors that might explain the trading activity. MClean Technologies emphasized that there were no known rumors or reports concerning the company's business activities that could justify the observed trading patterns.

The board further clarified that there are no ongoing corporate developments related to the group's business that have not been previously disclosed and could be contributing to the trading activity. This includes any negotiations or discussions that are currently taking place.

The company reassured its compliance with the ACE Market listing requirements of Bursa Securities, specifically highlighting adherence to Rule 9.03 concerning immediate disclosure obligations. MClean Technologies, an investment holding entity, specializes in providing surface treatment, precision cleaning, and packaging services for a range of products, including hard disk drives, consumer electronics, and oil and gas components.