Announcements
Announcements
Date : 20 March 2000

ARTICLE ENTITLED: "OCB grabs attention on talk it is buying a dotcom firm"

OCB BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDCY-000317-59411
SubjectARTICLE ENTITLED:
"OCB grabs attention on talk it is buying a dotcom firm"

Contents :

We refer to your letter dated 17 March, 2000 requesting OCB Berhad (formerly known as O'Connor's Corporation Berhad) to furnish the Exchange with an announcement for public release confirming or denying the reported sentence"......it is negotiating to buy a dotcom company" which appeared in The Sun, Sun Biz Section, page 1 on Friday, 17 March, 2000.


We wish to advise that OCB Berhad has received proposals relating to various businesses. However, the Board has not commenced any negotiation nor entered into any arrangement or agreement with any party in relation to the purchase of a dotcom company as reported in the aforesaid sentence. The Sun did not seek any confirmation from OCB in respect of the reported sentence and accordingly OCB denies the content of the said sentence.

Query Letter Contents :

We refer to the above news article appearing in The Sun, Sun Biz Section, page
1, on Friday, 17 March 2000, 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:-
"OCB Berhad ... it is negotiating to buy a dotcom company"
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 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 reported sentence, you
are required to set forth facts sufficient to clarify any misleading aspects of
the same. In the event you confirm the above reported sentence, 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/CY
c.c. Securities Commission



Announcement Info

Company NameOCB BERHAD  
Stock Name OCB    
Date Announced20 Mar 2000  
CategoryGeneral Announcement
Reference NoOO-000320-54471

Back