In response to the Exchange's query on the report made by The Sun, Sun Biz, Page 2 on Thursday, 12 October 2000, entitled "Pharmaniaga expects annual growth rate of 46%", the Company would like to clarify that the Company did not specifically make any announcement to that effect. The figure as reported was derived from a report prepared by a stockbroking firm.
TAN SEE YIN
c.c. Securities Commission
Query Letter Contents :
We refer to the above news article appearing on The Sun, Sun Biz, Page 2, on
Thursday, 12 October 2000, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"Integrated healthcare service provider Pharmaniaga Bhd expects earnings to
register a compounded annual growth rate of 46% over the next three years."
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 article and in particular the underlined
sentence after due and diligent enquiry with all the directors, substantial
shareholders and all such persons reasonably familiar with the matter about
which the disclosure is to be made in this respect. In the event you deny the
above sentence 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 sentence or any other part of the
above reported article, you are required to set forth facts sufficient to
support the same, including the relevant basis and assumptions in arriving at
the above forecast.
Please furnish the Exchange with your reply within one (1) market day from the
TAN YEW ENG
Senior Manager, Listing Operations
copy to :- Securities Commission (via fax)