Bursa Announcements

Date : 06 June 2000

ARTICLE ENTITLED "Measurex aims to be big IT player"


TypeReply to query
Reply to Query Letter by KLSE reference IDPY-000605-40716
SubjectARTICLE ENTITLED "Measurex aims to be big IT player"

Contents :

We refer to your letter dated 6th June 2000.

We confirm that we had a conversation with Mr P. W. Thong of The STAR. However, we categorically deny informing the Reporter that Measurex is carrying out "due diligence" on new businesses.

We did mention that Measurex is looking at new business including IT related businesses but it is still at a very preliminary stage of negotiation. An announcement will only be made when negotiation is final.

We also deny mentioning any such capital injection to be made in the Company.

We hope that the above explanation would suffice.

Thank you.

Yours faithfully
Executive Director

Query Letter Contents :

We refer to the above article appearing in The Star, Business Section, Monday,
5 June 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:-

"MEASUREX Corp Bhd, ... is turning to high-tech and Internet related
businesses to position itself as a big information technology (IT) player."
"...the company has identified a few related businesses and due diligence has
been initiated."
"...any acquisition would be carried out via injection of new capital by
existing shareholders."
"The new core business of the company will involve a number of local hi-tech
businesses including internet-related activites such as dotComs. "

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 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 sentences 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 sentences 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
date hereof.
Yours faithfully

Tan Yew Eng
Senior Manager, Listing Operations
c.c. Securities Commission

Announcement Info

Stock Name MESUREX    
Date Announced6 Jun 2000  
CategoryGeneral Announcement
Reference NoCC-000606-61678