ARTICLE ENTITLED : "Global Carriers to sell four container ships"
GLOBAL CARRIERS BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | MZ-030701-36265 |
Subject | ARTICLE ENTITLED : "Global Carriers to sell four container ships" |
Contents :
Reference is made to your query on the statement made in The Sun, page 12, on Tuesday, 1 July 2003, "...Global Carriers Bhd is negotiating with another shipping company to dispose of four of its six container ships...".
We wish to clarify that we have been approached by a few parties who have shown interests in acquiring our containerships. In fact, these companies have shown interests in acquiring the Group's 6 - not just the 4 - containerships. It is not uncommon for ship brokers, ship operators or ship management companies, to approach the Group on such matters during the normal course of business. However, at present, we are awaiting further details of such offers.
Any decision to dispose will be discussed extensively at Board level and will entail, among others, the consideration of the offer price, the terms and conditions, the financial viability, the strategic direction of the Group etc. The shareholders shall be advised accordingly on the development.
Query Letter Contents :
We refer to the above news article appearing in The Sun, page 12, on Tuesday, 1
July 2003, 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:-
"...Global Carriers Bhd is negotiating with another shipping company to dispose
of four of its six container ships...".
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 sentence after due and diligent enquiry with all the directors,
major 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 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.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
TAN YEW ENG
Senior Manager, Listing Operations
TYE/WSW/MZZ
c.c. Securities Commission (via fax)
Announcement Info
Company Name | GLOBAL CARRIERS BERHAD |
Stock Name | GLOBALC |
Date Announced | 2 Jul 2003 |
Category | General Announcement |
Reference No | GC-030702-36658 |