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With reference to your fax on even date pertaining to the abovementioned, we wish to inform your goodselves the following :-
(1) That there is no material development in the Company's business and affairs not previously disclosed;
(2) That there is no impending change in the major shareholders; and
(3) That in the knowledge of the Company, there is no other reasons to account for the unusual market action.
We also wish to inform that none of the situations/events listed in your aforesaid letter contributed to the unusual market activities in the Company's shares during the period in question.
We are also not aware of any other rumour or report (whether true or false) which contains information which has or likely to have, an effect in the trading of the Company's securities.