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Announcements

Date : 14 March 2001

ARTICLE ENTITLED : " September deadline for Lien Hoe"

LIEN HOE CORPORATION BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDMJ-010313-40893
SubjectARTICLE ENTITLED : " September deadline for Lien Hoe"

Contents :

We refer to the letter dated 13 March 2001 from the Exchange with regards to the following information in a news report appearing in The New Straits Times, Business Section, page 25 on Tuesday, 13 March 2001:-


(1) "It expects to give shareholders a reasonable return on equity by 2002, at least 5 per cent from 2003 and not less than 10 per cent by 2006"

(2) "Plans include ...................buying .....................another overseas property to hedge against any potential downturn at home .............."

(3) "It may also sell some Putrajaya land to another party with plans to put up a hotel".

As required, we wish to clarify that the projected return on equity as quoted in item (1) above represents our management's financial target for the Company and is underpinned by the proposed development plan of the Putrajaya land to be acquired.

With regards to the purchase of overseas property and the partial sale of the Putrajaya land as referred to in item (2) and (3) above respectively, we wish to state that these are only at the planning stage and the Company has yet to enter into formal agreement with any parties. The Company will make an appropriate announcement once an agreement has been signed to implement any of the aforesaid plans.

We wish to add that the acquisition of the Putrajaya land mentioned above is still pending completion.

Query Letter Contents :

We refer to the above news article appearing in The New Straits Times, Business
Section, Page 25 on Tuesday, 13 March 2001.
In particular, we would like to draw your attention to the following sentences
of the above article which are reproduced as follows:-
" It expects to give shareholders a "reasonable" return on equity by 2002, at
least five per cent from 2003 and not less than 10 per cent by 2006."
" Plans include..........buying .........another overseas property to hedge
against any potential downturn at home..."
" It may also sell some Putrajaya land to another party with plans to put up a
hotel."
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 above
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

INDERJIT SINGH
Senior Manager,
Listing Operations
ASL /CMJ
Copy to: Securities Commission (via fax)



Announcement Info

Company NameLIEN HOE CORPORATION BERHAD  
Stock Name LIENHOE    
Date Announced14 Mar 2001  
CategoryGeneral Announcement
Reference NoLH-010314-52683

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