Announcements
Announcements
Date : 14 March 2000

ARTICLE ENTITLED: "TA SEEKS TO EXPAND"

TA ENTERPRISE BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDFM-000313-53924
SubjectARTICLE ENTITLED: "TA SEEKS TO EXPAND"

Contents :

We refer to the Kuala Lumpur Stock Exchange’s Letter dated 13 March 2000 (Your ref: FM-000313-53924) regarding an article entitled “TA Seeks To Expand” appearing in The Edge on 13 March 2000.


We wish to announce that with the Government’s encouragement of mergers among stockbroking firms, the Group has, after careful consideration, responded to an invitation by the Special Administrators of Halim Securities Sdn Bhd (“Halim”) for qualified stockbroking groups to submit proposals for the rehabilitation of Halim.

We are not aware of the outcome of our proposal and as such, it would be premature and inappropriate to release details of our proposal. Nevertheless, any positive developments will be announced to the Exchange should they materialise.

We also wish to deny the report that the Group is making a bid for Faiz Securities Sdn Bhd.

Shareholders are assured that while we are always open to new business opportunities, they will be notified accordingly of any positive developments.

Query Letter Contents :

We refer to the above article appearing in the Edge, on Monday,13 March 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:-
"TA Enterprise Bhd is believed to be bidding for two stockbroking firms to
expand the group's core
business.
Sources say the stockbroking firms are likely to be Faiz Securities Sdn Bhd
in Kota Baru and
Halim Securities Sdn Bhd in Petaling Jaya."

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

Chong Fui Tzy
Manager, Listing Operations
ASL/TFM
c.c. Securities Commision



Announcement Info

Company NameTA ENTERPRISE BERHAD  
Stock Name TA    
Date Announced14 Mar 2000  
CategoryGeneral Announcement
Reference NoTE-000314-53194

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