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2018
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Announcements

Date : 03 July 2000

ARTICLE ENTITLED: "Khazanah in talks to buy EON stake for RM750m."

PERUSAHAAN OTOMOBIL NASIONAL BHD

TypeReply to query
Reply to Query Letter by KLSE reference IDFM-000630-56530
SubjectARTICLE ENTITLED:
"Khazanah in talks to buy EON stake for RM750m."

Contents :

Your letter of 30 June 2000 regarding the above matter refers.


Perusahaan Otomobil Nasional Berhad ("PROTON") wishes to inform the Exchange that it is not aware of nor has it been informed by HICOM Holdings Bhd. ("HICOM") of any talks being held between HICOM and Khazanah Nasional Bhd. ("Khazanah") for the disposal by HICOM of its stake in EON Bhd. ("EON") to Khazanah. PROTON further states that HICOM has not informed PROTON that HICOM was withdrawing its offer for the sale of its stake in EON in favour of another party.

Query Letter Contents :

We refer to the above article appearing in the Business Times, page 1, on
Friday, 30 June 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:-
"Sources said talks of Khazanah's entry surfaced about a month ago, when it
became clear that Proton
and DRB-HICOM Bhd --- the new entity following the restructuring
exercise involving HICOM and
Diversified Resources Bhd (DRB)---could not come to an agreement over the
sale price."

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,
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 sentence or any other part of the above 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 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
KUALA LUMPUR STOCK EXCHANGE

Chong Fui Tzy
Manager, Listing Operations
ASL/TFM
cc:Securities Commission



Announcement Info

Company NamePERUSAHAAN OTOMOBIL NASIONAL BHD  
Stock Name PROTON    
Date Announced3 Jul 2000  
CategoryGeneral Announcement
Reference NoPO-000630-62781

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