Company Announcements

Date : 08 June 2000

SUNRISE BERHAD ("SUNRISE" OR "THE COMPANY") Article entitled: Sunrise to set up education group to manage schools in Asia-Pacific region

SUNRISE BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDHY-000607-42791
SubjectSUNRISE BERHAD ("SUNRISE" OR "THE COMPANY")
Article entitled: Sunrise to set up education group to manage schools in Asia-Pacific region

Contents :

The letter from the Exchange dated 7 June 2000 refers.


We wish to inform that Sunrise is considering the setting up of a regional education group as part of the Group's expansion plans. The comments reported in the newspapers relating to the regional educational group made by Mr Yam Kong Choy, the Chief Executive Officer of Sunrise was an illustration from his case study paper on "Strategies for Success: Case Studies" that was presented at the National Conference on Mergers and Acquisitions in Kuala Lumpur on 6 June 2000. The financial figures as presented have no material effect on the Sunrise Group's financial performance for the next three years.

Currently, Sunrise has a 49% equity interest in the American International School, Sydney and a 23.5% equity interest in the Australian International School, Kajang. The American International School started its operations at the end of last year while the Australian International School began its activities early this year. There are no definite plans, at the moment, for the listing of the regional educational group as this decision would depend on many factors such as the schools' track record, market conditions, timing, synergy to the Sunrise Group's activities, etc. The operations of both schools are very much in the preliminary stages at the moment.

Query Letter Contents :

We refer to the above article appearing in The New Straits Times, Business
Section, page 22 on 7 June 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:-

"Property developer Sunrise Bhd plans to set up a regional education group to
take over its education activities,..."

"The group, which will probably be known as Global Education System, is
expected to be listed within five years after its incorporation,..."

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
date hereof.









Yours faithfully
KUALA LUMPUR STOCK EXCHANGE


Inderjit Singh
Senior Manager, Listing Operations

ASL/THY
c.c. Securities Commission



Announcement Info

Company NameSUNRISE BERHAD  
Stock Name SUNRISE    
Date Announced8 Jun 2000  
CategoryGeneral Announcement
Reference NoCU-000608-31785

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