Article Entitled : "Sourhern Plastic to go on Internet venture"
|SOUTHERN PLASTIC HOLDINGS BERHAD|
|Type||Reply to query|
|Reply to Query Letter by KLSE reference ID||NM-001204-52978|
|Subject||Article Entitled :|
"Sourhern Plastic to go on Internet venture"
Contents :We refer to your fax dated 4 December 2000,
We humbly wish to clarify the following articles appearing in The Sun, Sun Biz page 4 on Monday 4 December 2000:-
1. "Southern Plastic Holdings Bhd (SPHB) which has been officially appointed by Price-Newcourt Inc. to distribute the "Newcourt" range of electrical appliances for the South East Asian region, is also negotiating to secure a global licence for the latter's internet venture"
The above extracted paragraph should be read as follows:-
"Southern Plastic Holdings Bhd (SPHB) is negotiating with Price-Newcourt Inc. to be awarded a global license to market the "Newcourt" brand of electrical appliances on the internet. This venture is not to be considered a core business but adds on to the larger context of being a distributor for the brand"
We trust the above clarification are in order and meet your requirements. Should you need further clarification, please do not hesitate to contact the undersigned.
SOUTHERN PLASTIC HOLDINGS BHD
LIEW VOON YIN
Query Letter Contents :
We refer to the above article appearing in The Sun, Sun Biz, page 4, on Monday,
4 December 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 :
"Southern Plastic Holdings Bhd which has been officially appointed by
Price-Newcourt Inc to distribute the "Newcourt" range of electrical appliances
for the South East Asian region, is also negotiating to secure a global licence
for the latter's Internet venture."
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 in particular the underlined
sentence 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 reported sentence or any other part of the article, you are required
to set forth facts sufficient to clarify any misleading aspects of the same. In
the event you confirm the above reported sentence or any other part of the
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
KUALA LUMPUR STOCK EXCHANGE
TAN YEW ENG
Senior Manager, Listing Operations
cc: Securities Commission
|Company Name||SOUTHERN PLASTIC HOLDINGS BERHAD|
|Date Announced||5 Dec 2000|