United Gene High-Tech Group (HKG:0399) said it noted a recent increase in the price of its shares and was not aware of any reason for such increase.

Save and except for the company contemplating a proposal to effect a rights issue, the board of directors confirmed that there were no negotiations or agreements relating to intended acquisitions or realizations which were discloseable.

The stock closed midday at HK$0.044, up 15.79%.

Source:chinesestock.org