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Announcement

Announcement


Date : 02 February 2001

ARTICLED ENTITLED "YTL POWER MULLS TAKEOVER OF CASH-STRAPPED IPPS"

YTL POWER INTERNATIONAL BHD

TypeReply to query
Reply to Query Letter by KLSE reference IDNM-010131-37927
SubjectARTICLED ENTITLED "YTL POWER MULLS TAKEOVER OF CASH-STRAPPED IPPS"

Contents :

We refer to your letter of 31 January 2001 in relation to the article entitled "YTL Power Mulls Takeover Of Cash-Strapped IPPs" which appeared in the Business Times of 31 January 2001.


We wish to advise your Exchange that none of the Company officials met with analysts to discuss the subject in particular reference to the statement "Independent power producer YTL Power International Bhd is considering buying out cash-strapped companies with licenses to build power plants as one of its options to expand generation capacity .....one is Teknologi Tenaga Perlis Sdn Bhd ......second potential target for YTL Power could be Jimah Power Sdn Bhd" which appeared in the Business Times.

Accordingly, we deny the statement published.

We trust the above meets your requirement.

Yours faithfully,
YTL POWER INTERNATIONAL BERHAD

HO SAY KENG
Company Secretary

c.c. Securities Commission
Securities Issues Department
Fax No. 03 651 5213

Query Letter Contents :

We refer to the above article appearing on the Cover Page of the Business Times
newspaper on 31 January 2001, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentences
which states that
Independent powert producer YTL Power International Bhd is considering buying
out cash-strapped companies with licenses to build power plants as one of its
options to expand generation capacity...one is Teknologi Tenaga Perlis
Consortium Sdn Bhd...second potential target for YTL Power could be Jimah Power
Sdn Bhd.
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 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 reported sentences or any other part of the article, 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 or any other part of the
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

INDERJIT SINGH
Senior Manager
Listing Operations
ASL/NIK
Copy to: Securities Commission (via fax)



Announcement Info

Company NameYTL POWER INTERNATIONAL BHD  
Stock Name YTLPOWR    
Date Announced2 Feb 2001  
CategoryGeneral Announcement
Reference NoYP-010202-56364
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