Company Announcements

Date : 19 December 2000

ACQUISITION OF HONG LEONG CREDIT BERHAD-WARRANTS

CME GROUP BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDMN-001215-38180
SubjectACQUISITION OF HONG LEONG CREDIT BERHAD-WARRANTS

Contents :

We refer to your letter dated 15 December 2000 and wish to reply as follows :-

  1. The acquisition may over the immediate period have an adverse effect on the earnings per share and the net tangible assets of the Company. However, on the longer term, the acquisition is expected to have a positive effect on the earnings per share and the net tangible assets of the Company.
  2. The acquisition was funded from internally generated funds.
  3. As highlighted in our announcement to the Exchange on 14 December, 2000, the Board of Directors decision to invest in securities traded in the KLSE is to broaden the income base of the Group by capitalizing on the current low prices of securities and in view of the current low return of interest income for funds placed in financial institution.

Query Letter Contents :


We refer to your Company's announcement dated 14 December 2000, in respect of
the aforesaid matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release:-
1. The effects of the Acquisition on the earnings per share and net tangible
assets per share of your Group;
2. The source of funds for financing the Acquisition; and
3. A statement by the Board of Directors stating whether or not the Acquisition
is in the best interests of the company and where a director disagrees with
such statement, a statement by the director setting out the reasons and the
factors taken into consideration in forming that opinion.
Please furnish the Exchange with your reply within two (2) market days from the
date hereof.

Yours faithfully


TAN YEW ENG
Senior Manager, Listing Operations
LMN\
copy to:- Securities Commission (via fax)


Announcement Info

Company NameCME GROUP BERHAD  
Stock Name CME    
Date Announced19 Dec 2000  
CategoryGeneral Announcement
Reference NoCG-001216-40055

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