Announcements
Announcements
Date : 15 February 2000

INTRIA BERHAD ("INTRIA" or "THE COMPANY") ARTICLE IN ASIAN WALL STREET JOURNAL 14 FEBRUARY 2000 ENTITLED : "UEM is High Bidder for Control of Intria - Bankers Fear Malaysian Toll-Road Operator Wont be Restructured"

INTRIA BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDIJ-000214-54522
SubjectINTRIA BERHAD ("INTRIA" or "THE COMPANY")
ARTICLE IN ASIAN WALL STREET JOURNAL 14 FEBRUARY 2000 ENTITLED :
"UEM is High Bidder for Control of Intria - Bankers Fear Malaysian Toll-Road Operator Wont be Restructured"

Contents :

In response to your query of 14 February 2000 on the above, we wish to clarify that Intria has not received any notices of the intentions of our various bankers and will continue with the ongoing negotiations to restructure the Companys debts.


At this point of time, Intria is not privy as to whether there will be a general offer by United Engineers (M) Berhad and hence, does not wish to comment.

Query Letter Contents :

We refer to the above article appearing in The Asian Wall Street Journal, page
3, Monday, 14 February 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:-
"He added that his bank and Intria's other creditors are considering several
options, including a demand on UEM to come up with an acceptable plan to
restructure Intria's debts within the next two weeks. 'If they don't (come up
with a plan) we will consider to call a default on Intria's loans and wind up
the company,' he said."
"Government officials and bankers close to the Intria affair say UEM intends
to seeks a waiver from the Minister of Finance from having to undertake a
general offer."

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 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 reported sentences,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above reported sentences, 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


Lisa Lam
Senior Manager, Listing Operations
SA/IJO
c.c. Securities Commission



Announcement Info

Company NameINTRIA BERHAD  
Stock Name INTRIA    
Date Announced15 Feb 2000  
CategoryGeneral Announcement
Reference NoII-000215-F4891

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