ARTICLE ENTITLED: "Oriental in talks to take over Peugeot franchise"
|ORIENTAL HOLDINGS BERHAD|
|Type||Reply to query|
|Reply to Query Letter by KLSE reference ID||PL-010118-39006|
"Oriental in talks to take over Peugeot franchise"
- We refer to your letter of 18 January 2001 (Your ref: PL-010118-39006) regarding the news article appearing in The Sun, Sun Biz section, page 1, on 18 January 2001 entitled "Oriental in Talks to take over Peugeot franchise".
Oriental Group is constantly on the look out for business opportunities that will not only enhance our stockholders’ value whether in the medium term or long term but also businesses that will have synergistic effect with the present businesses of the Group, particularly those relating to the motor industry.
Inevitably, in the course of our business dealings, we would have negotiation with our current or potential business associates of any business venture that would benefit both parties and this includes on going business negotiations with various motor franchise holders.
Oriental Group will make appropriate announcement as and when any new business negotiation has been concluded.
For and on behalf of the Board of Directors of
ORIENTAL HOLDINGS BERHAD
Lim Su Tong
cc. Securities Commission
Query Letter Contents :
We refer to the above news article appearing in The Sun, Sun Biz section, page
1, on 18 January 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:-
"... OHB is believed to be negotiating to take over the Peugeot franchise in
Malaysia which is held by MBf-Peugeot Sdn Bhd."
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
CHONG FUI TZY
Manager, Listing Operations
c.c. Securities Commission (via fax)
|Company Name||ORIENTAL HOLDINGS BERHAD|
|Date Announced||19 Jan 2001|