Bursa Announcements

Date : 15 March 2000

Articled entitled: "Group to buy 49% stake in Scancem"


TypeReply to query
Reply to Query Letter by KLSE reference IDMM-000314-39844
SubjectArticled entitled: "Group to buy 49% stake in Scancem"

Contents :

We refer to your letter dated 14 March 2000 on the above subject matter.

The Board of Directors of Cahya Mata Sarawak Berhad wishes to announce that the above article has been misquoted by The Sun in its Sun Biz Section on Tuesday, 14 March 2000. The article should read as follows:

"CMSB is negotiating to sell to Norway's Scancem International ANS (Scancem) up to 49% of its stake in its wholly owned subsidiary company, CMS Cement Sdn Bhd. A Memorandum of Understanding was signed with Scancem on 30 July 1999 for possible joint venture in the cement business and the terms of the said joint venture are still being finalised by both parties."

Query Letter Contents :

We refer to the above article appearing in The Sun, Sun Biz section, page 3,
Tuesday, 14 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:-

"Cahya Mata Sarawak Berhad (CMSB) plans to buy a 49% equity in Scancern
International ANS of Norway, a subsidiary of the world's second largest cement
producer, Heidelberger of Germany."
"...it would be finalised by the end of this year."
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

Chong Fui Tzy
Manager, Listing Operations
c.c. Securities Commission

Announcement Info

Stock Name CMSB    
Date Announced15 Mar 2000  
CategoryGeneral Announcement
Reference NoCM-000315-30816