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2018
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Announcements

Date : 03 October 2000

ARTICLE ENTITLED: "PROTON in talks to acquire U.K.'s MG Rover, Sunday Times says"

PERUSAHAAN OTOMOBIL NASIONAL BHD

TypeReply to query
Reply to Query Letter by KLSE reference IDFM-001002-49607
SubjectARTICLE ENTITLED:
"PROTON in talks to acquire U.K.'s MG Rover, Sunday Times says"

Contents :

We refer to your letter dated 2 October 2000 regarding the above matter.


In response, Perusahaan Otomobil Nasional Berhad states as follows:

QUOTE

PROTON is not engaged in any negotiations for the acquisition of any equity interest in the Rover Group.

UNQUOTE

Query Letter Contents :

We refer to the above article appearing on Bloomberg, 1 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:-
"Perusahaan Otomobil Nasional Bhd., Malaysia's biggest automobile manufacturer,
is in talks to
buy unprofitable U.K. carmaker Rover Group, the Sunday Times reported in an
interview with
Rover Chairman John Towers."

"The sale of Rover would raise as much as 50 million pounds ($74 million)..."
"The talks with Proton, as Malaysia's biggest carmaker is known, may lead to an
acquisition within
two to three years..."
"Towers has already held a series of meetings with Proton about taking a
minority stake in
Longbridge."

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 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 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


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



Announcement Info

Company NamePERUSAHAAN OTOMOBIL NASIONAL BHD  
Stock Name PROTON    
Date Announced3 Oct 2000  
CategoryGeneral Announcement
Reference NoPO-001003-27692

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