BURSA ANNOUNCEMENTS


 

Date : 10 October 2000

ARTICLE ENTITLED: LITYAN AND THT CLOSE TO FINALISING IT DEAL

LITYAN HOLDINGS BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDYM-001010-35259
SubjectARTICLE ENTITLED: LITYAN AND THT CLOSE TO FINALISING IT DEAL

Contents :

With reference to the Exchange's letter of the 10th instant, the Board of Directors wishes to inform the Exchange that Lityan and TH Techonolgies Sdn Bhd ("THT") are in discussion exploring various business opportunities but no firm proposal has been agreed to at this juncture. Upon finalisation of any venture between the Company and THT, we will make the necessary announcement.

Query Letter Contents :

We refer to the above news article appearing in The Edge, page 14, on Monday, 9
October 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:-
" Lityan ... will inject its 13.3 per cent stake in MSC Trustgate.com Sdn Bhd
into the 50:50 joint venture."
" ... the joint-venture company is also eyeing a listing."
" The joint venture is also talking to renowned foreign players like Unisys and
Australia's eSec Ltd for tie-ups."
" ... it will bid for some long-term (between 10 and 20 years) government and
private-sector projects in security and government multipurpose card
applications. On the government side, it is eyeing the Inland Revenue Board,
the Treasury and LTH itself ... ."
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


LISA LAM
Senior Manager, Listing Operations
LL/ASL/YMR
c.c. Securities Commission (via fax)



Announcement Info

Company NameLITYAN HOLDINGS BERHAD  
Stock Name LITYAN    
Date Announced10 Oct 2000  
CategoryGeneral Announcement
Reference NoLH-001010-41812

Back