Company Announcements

Date : 20 September 2005

ARTICLE ENTITLED: "Fotronics’ share sell-down puzzling"

FOTRONICS CORPORATION BERHAD

Type

Reply to query
Reply to Query Letter by KLSE reference IDNM-050919-38643
SubjectARTICLE ENTITLED: "Fotronics’ share sell-down puzzling"

Contents :

We refer to the letter from Bursa Malaysia Securities Berhad ("Exchange") dated 19 September 2005 and the article appearing in The Edge, Week of September 19-September 25, 2005, Page 29, and in particular the following sentences:


(a) “..Fotronics is close to acquiring a controlling stake in a China-based company that designs and manufactures liquid crystal display (LCD) screens for mobile phones”
(b) “Fotronics is also looking at acquiring the remaining 40% stake in Vtrek Precision Centre (HK) Pte Ltd.”

In respect to item (a) above, the company wishes to clarify to the Exchange that it is not aware of any plan to acquire a controlling stake in a China-based company that designs and manufactures LCD screens for mobile phones. Nonetheless, Fotronics is constantly on the look out for investment opportunities in the region and industry sectors it operates in. At this juncture, there is no serious discussion with any party to invest or acquire any company.

In respect to item (b) above, the company is constantly and routinely in communication with Vtrek Precision Centre (HK) Pte Ltd’s business partners and fellow shareholders on the long-term plans of Vtrek Precision Centre (HK) Pte Ltd. At this juncture, there are no significant agreements or conclusions for the acquisition of the remaining 40% stake in Vtrek Precision Centre (HK) Pte Ltd. In the event an opportunity arises to acquire the remaining 40% stake in Vtrek Precision Centre (HK) Pte Ltd, Fotronics will make all relevant and necessary announcements at the appropriate time.

Query Letter Contents :

We refer to the above news article appearing in The Edge, page 29, 19 September
2005, 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:-
"...Fotronics is close to acquiring a controlling stake in a China-based
company that designs and manufactures liquid crystal display (LCD) screens for
mobile phones."
"Fotronics is also looking at acquiring the remaining 40% stake in Vtrek
Precision Centre (HK) Pte Ltd,.."
In accordance with the Securities Exchange's Corporate Disclosure Policy, you
are requested to furnish the Securities Exchange with an announcement for
public release confirming or denying the above article and in particular the
underlined sentences after due and diligent enquiry with all the directors,
major shareholders and all such persons reasonably familiar with the matter
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 Securities Exchange with your reply within one (1) market
day from the date hereof.
Yours faithfully

TAN YEW ENG
Sector Head, Issues & Listing
Group Regulations
TYE/NMA copy to:- Securities Commission (via fax)



Announcement Info

Company NameFOTRONICS CORPORATION BERHAD (MESDAQ Market) 
Stock Name FONICS    
Date Announced20 Sept 2005  
CategoryGeneral Announcement
Reference NoOS-050920-54469

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