Bursa Announcements

Date : 26 September 2000

ARTICLE ENTITLED : PROPOSAL BY SHAREHOLDERS ON REMOVAL OF FIVE(5) DIRECTORS

TECHNO ASIA HOLDINGS BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDHY-000925-37833
SubjectARTICLE ENTITLED : PROPOSAL BY SHAREHOLDERS ON REMOVAL OF FIVE(5) DIRECTORS

Contents :

The Company wishes to confirm that it has received a requisition from shareholders said to represent more than 10% of the Company's total paid-up capital requiring the Company to convene an Extraordinary General Meeting in accordance with the Company's Act as stated in the newspaper article in Sin Chew Jit Poh, page 25 on 24 September 2000.

.
The said shareholders are seeking to remove the following Directors of the Company:

1.Encik Alam Shah Bin Abdul Rahman
2.Mr. Lim Heng Piew
3.Cik Suzana Binti Ab Rahman
4.Datuk Ayub Bin Aman
5.Encik Mohamad Hedar Bin Shariff

The said shareholders are also proposing to appoint the following as Directors of the Company:

1.Tuan Haji Muhadzir Bin Mohd. Isa
2.Encik Nowawi Bin Abdul Rahman
3.Mr. Wong Tunk Hing
4.Mr. Lim Ong Kim
5.Mr. Kua Kee Chong
6.Mr. Chye Kit Choong

The requisition also requires that any directors appointed prior to the Extraordinary General Meeting except for Tan Sri (Dr) Muhammad Ghazali Bin Shafie and Tan Sri Datuk Abdul Hamid Egoh be removed at the same Extraordinary General Meeting.

The Board wishes to add that under the said proposal, the Board position of Tan Sri (Dr) Muhammad Ghazali Bin Shafie and Tan Sri Datuk Abdul Hamid Egoh remain unchanged.

The Company wishes to add that in the requisition, the total number of shares held by the requisitionists are 20,827,669 and not 27,597,589 as stated in the said newspaper article. The Company is currently verifying the status of the shareholders with its Registrar through the latest Record of Depositors.

Upon verification of the requisition, the Board will consider convening an Extraordinary General Meeting.

Query Letter Contents :

We refer to the above article appearing in Sin Chew Jit Poh, page 25 on 24
September 2000, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which states that the company was requested by a group of shareholders to hold
an EGM to remove five(5) existing directors and appoint six(6) new directors.
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 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 sentence 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 sentence 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
KUALA LUMPUR STOCK EXCHANGE


Inderjit Singh
Senior Manager, Listing Operations
ASL/THY
Copy : Securities Commission (via fax)



Announcement Info

Company NameTECHNO ASIA HOLDINGS BERHAD  
Stock Name TECASIA    
Date Announced26 Sept 2000  
CategoryGeneral Announcement
Reference NoWL-000926-39665

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