Contents :
We refer to your letter dated 1 March 2000 on the news article, which appeared in The Business Times on 1 March 2000.
Please be advised that there is no due diligence exercise being carried out by Telekom Malaysia Berhad ("Telekom Malaysia") on our wholly-owned subsidiary, Celcom (Malaysia) Sdn Bhd ("Celcom") or any on-going discussion with Telekom Malaysia to sell Celcom as reported in the said article.
Query Letter Contents :
We refer to the above article appearing in The Business Times, page 5 on
Wednesday, 1 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:-
"TELEKOM Malaysia Bhd is considering buying the country's largest mobile phone
company, Celcom Malaysia Sdn Bhd, an industry executive said yesterday".
"'Telekom is currently carrying out a due diligence on Celcom which should be
finalised very soon', the executive said"
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/HTH
c.c. Securities Commission
