MCLEAN

0.555

-0.02 (-3.5%)

Letter Subject or Reference - UNUSUAL MARKET ACTIVITY

MCLEAN TECHNOLOGIES BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-18092025-00001
Subject Letter Subject or Reference - UNUSUAL MARKET ACTIVITY
Description
MCLEAN TECHNOLOGIES BERHAD ("MCLEAN" OR "THE COMPANY")
-Reply to Query Letter dated 18 September 2025
Query Letter Contents

We draw your attention to the sharp rise in price and volume of your Company’s shares recently (“trading activity”).


In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with paragraph 9.11 of the Main Market Listing Requirements ("LR"):

1. Whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decisions
2. Whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Paragraphs 9.09 and 9.10 of Bursa Securities LR;      
3. Whether you are aware of any other possible explanation to account for the trading activity; and       
4. Whether you are in compliance with the Bursa Securities LR, in particular Paragraph 9.03 of the Bursa securities LR on immediate disclosure obligations.

 

Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.

 

Yours faithfully,

Bursa Malaysia Securities Berhad

With reference made to the query received from Bursa Malaysia Securities Berhad (“Bursa Securities”) on 18 September 2025 pertaining to the unusual market activity of the Company on the sharp rise in price and volume of the Company's shares on the even date ("trading activity"),  the Board of Directors of the Company (the "Board") wishes to confirm that, to the best of our knowledge and after making due enquiry with all the Company Directors, major shareholders and other relevant person:

 

1.           The Board is not aware of any corporate development relating to the Group’s business and affairs that has not been previously announced that may account for the trading  activity including those in the stage of negotiation/discussion.

 

2.           The Board is not aware of any rumour or report concerning the business and affairs of the Group that may account for the trading activity.

 

3.           To the best of our knowledge, the Board is not aware of any other possible explanation to account for the trading activity.

 

4.           The Company and the Board are in compliance with the ACE Market Listing Requirements (“AMLR”) of Bursa Securities, in particular Rule 9.03 of the AMLR of Bursa            Securities on the immediate disclosure obligations.

 

This announcement is dated 18 September 2025.

 

 





Announcement Info

Company Name MCLEAN TECHNOLOGIES BERHAD
Stock Name MCLEAN
Date Announced 18 Sep 2025
Category General Announcement for PLC
Reference Number GA1-18092025-00093