Bursa Announcements
Date : 21 September 2000

GRAND HOOVER TO BE BACK IN THE BLACK THIS YEAR

GRAND HOOVER BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDKM-000920-57669
SubjectGRAND HOOVER TO BE BACK IN THE BLACK THIS YEAR

Contents :

We refer to your facsimile dated 20 September 2000 on the above matter and are pleased to inform you that the Executive Director of the Company, Mr Tan Ah Heng denied the reported statement in the Web Page of The Edge that "We expect to see a couple of million ringgit in profit..." and "The Company.... is in negotiations to buy land in the Klang Valley."


Mr Tan Ah Heng further explained that he only told the reporters after the Company's Annual General Meeting held on 20 September 2000 that "We expect to make a slight profit." and "The Company is studying potential land for development".

We trust that the above information meets your requirement.

Query Letter Contents :

We refer to the above article appearing in Web Page of The Edge, on Wednesday,
20 September 2000, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which are reproduced as follows:-

"We expect to see a couple of million ringgit in profit...
"The company...is in negotiations to buy land in the Klang Valley.
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentences after due and diligent enquiry with all the directors,
substantial shareholders and all such other persons reasonably familiar with
the matters about which the disclosure is to be made in this respect. In the
event you deny the above sentences or any other part of the above reported
article, you are required to set forth facts sufficient to clarify any
misleading aspects of the same. In the event you confirm the above sentences or
any other part of the above reported article, you are required to set forth
facts sufficient to support the same.

Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully


Inderjit Singh
Senior Manager, Listing Operations
ASL/CKM
Copy to : Securities Commission (via fax)



Announcement Info

Company NameGRAND HOOVER BERHAD  
Stock Name HOOVER    
Date Announced21 Sept 2000  
CategoryGeneral Announcement
Reference NoCU-000921-52543

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