We refer to your letter dated 29 May, 2001 (Reference No. CY-010529-61332) pertaining to the above matter.
We wish to inform that MAS have not owned 33 per cent of the total paid-up share capital of Trifiniti Networks Sdn. Bhd. In this regards, we are not in the position to comments on the second item i.e "Speculation has been rife that Trifiniti might have ceased operations.....".
Query Letter Contents :
We refer to the above news article appearing in Business Times, pages 1 and 15
on Tuesday, 29 May 2001, 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:-
(1) "It is ... owned ... 33 per cent ... by Malaysia Airlines ..."
(2) "Speculation has been rife that Trifiniti might have ceased operations ..."
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
Copy to Securities Commission (via fax)