ARTICLE ENTITLED: "La Ka-Shing and Sapura's Shamsuddin want in on Time dotCom"
SAPURA TELECOMMUNICATIONS BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | SW-000131-42798 |
Subject | ARTICLE ENTITLED: "La Ka-Shing and Sapura's Shamsuddin want in on Time dotCom" |
Contents :
With reference to your query dated 31st January 2000 on the above, we wish to clarify as follows;
1. There has been no formal Corporate Debt Restructuring Committee (CDRC) submission by Sapura Telecommunications Berhad (STB) whether by itself or jointly with any other part(ies) to bid for Time dotCom Berhad.
2. Such being the case, the Board of STB is of the view that there are no material developments in STB's affairs to be disclosed at this point in time, the above assertion in the Edge being merely market speculation.
Kindly be informed accordingly.
Query Letter Contents :
We refer to the above article appearing in The Edge, on Monday, 31 January
2000, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined
paragraph, which is reproduced as follows:-
"Hong Kong billionaire Li Ka-Shing's Hutchison Whampoa Ltd, together with the
Sapura group controlled by Tan Sri Shamsuddin Abdul Kadir, will jointly submit
a bid for Time dotCom to the Corporate Debt Restructuring Committee (CDRC) this
week, sources say."
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 paragraph 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 paragraph,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above reported paragraph, 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
KUALA LUMPUR STOCK EXCHANGE
INDERJIT SINGH
Senior Manager, Listing Operations
SA/SW
c.c. Securities Commission
Announcement Info
Company Name | SAPURA TELECOMMUNICATIONS BERHAD |
Stock Name | SAPURA |
Date Announced | 2 Feb 2000 |
Category | General Announcement |
Reference No | ST-000202-E4449 |