South East Group (HKG:0726) said that it noted the increases in the price and trading volume of its shares today and that it was not aware of any reasons for such increases.

The company said that it has been engaged in discussions with certain parties regarding potential investment projects including new lines of business to the company. Such discussions are ongoing and no definitive terms have been agreed in relation to the potential acquisition transactions.

The company confirmed that there are no negotiations or agreements relating to intended acquisitions or realizations which are discloseable.

The stock is now trading at $0.405, up 66.7%.