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2018
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Announcements

Date : 15 June 2001

ARTICLE ENTITLED : "What’s brewing at Leisure Management Berhad?"

LEISURE MANAGEMENT BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDCY-010614-40419
SubjectARTICLE ENTITLED : "What’s brewing at Leisure Management Berhad?"

Contents :

We refer to your letter dated 14 June 2001 drawing our attention to the above article which appeared on the webpage of The Edge, on Thursday, 14 June 2001 and in particular, to the underlined sentence in the said article which is reproduced as follows :-


"...emergence of a major shareholder in LMB with Magnum selling down its 50-odd per cent stake in the former."


We wish to inform the Exchange that we have referred your query to our substantial shareholder, Magnum Corporation Berhad ("Magnum") for their comments. We wish to advise that Magnum has replied that there is no basis to the above underlined sentence in the said article as Magnum has not entered into any discussion or negotiation with any party or parties for the sale of any of Magnum’s existing shareholding in Leisure Management Berhad ("LMB").


For your information, the last form on change of substantial shareholding received from Magnum was on 18 May 2001 stating that it had ceased to have an indirect interest in shares in LMB held by Magnum Credit Sdn Bhd (“MCSB”) as MCSB had ceased to be a subsidiary of Magnum. Since then, LMB has not received any notice of change in substantial shareholding from Magnum.

Query Letter Contents :

We refer to the above news article appearing on the webpage of The Edge, on
Thursday, 14 June 2001, 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:-
"... emergence of a major shareholder in LMB with Magnum selling down its
50-odd per cent stake in the former."
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 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 sentence 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/CS/CY
c.c. Securities Commission (via fax)



Announcement Info

Company NameLEISURE MANAGEMENT BERHAD  
Stock Name LEISURE    
Date Announced15 Jun 2001  
CategoryGeneral Announcement
Reference NoLL-010615-59445

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