Date : 15 August 2003

HEXAGON HOLDINGS BERHAD (“Hexagon” or “the Company”) PROPOSED SUBSCRIPTION OF 4,405,976 NEW ORDINARY SHARES OF RM1.00 EACH IN ACQUTEK ELECTRONICS SDN BHD (“AESB”) BY HEXAGON TOWER SDN BHD (“HTSB”), A WHOLLY OWNED SUBSIDIARY OF HEXAGON, REPRESENTING APPROXIMATELY 23% EQUITY INTEREST IN AESB AFTER THE PROPOSED RESTRUCTURING OF AESB, FOR A TOTAL CASH CONSIDERATION OF RM6,338,422

HEXAGON HOLDINGS BHD

Type

Reply to query
Reply to Query Letter by KLSE reference IDMN-030814-38001
SubjectHEXAGON HOLDINGS BERHAD (“Hexagon” or “the Company”)

PROPOSED SUBSCRIPTION OF 4,405,976 NEW ORDINARY SHARES OF RM1.00 EACH IN ACQUTEK ELECTRONICS SDN BHD (“AESB”) BY HEXAGON TOWER SDN BHD (“HTSB”), A WHOLLY OWNED SUBSIDIARY OF HEXAGON, REPRESENTING APPROXIMATELY 23% EQUITY INTEREST IN AESB AFTER THE PROPOSED RESTRUCTURING OF AESB, FOR A TOTAL CASH CONSIDERATION OF RM6,338,422

Contents :

We refer to the announcement dated 11 August 2003, wherein Public Merchant Bank Berhad (“PMBB”), on behalf of the Board of Directors of Hexagon, made the proposed subscription announcement for the aforesaid matter. Further to the Kuala Lumpur Stock Exchange ("KLSE") queries made vide its letter dated 14 August 2003, PMBB, on behalf of the Board of Directors of Hexagon, is pleased to provide the following additional information as requested by the KLSE.


1. Whether the persons connected with a director or major shareholder have any interest, direct or indirect, in the Proposed Subscription and Proposed Call Option; and

      In so far as the directors of Hexagon are aware, none of the persons connected with a director or major shareholder have any interest, directly or indirectly, in the Proposed Subscription and Proposed Call Option.
2. A statement whether the Proposed Subscription and Proposed Call Option have departed from the Securities Commission’s Policies and Guidelines on Issue /Offer of Securities.
      The Proposed Subscription and Proposed Call Option have not departed from the Securities Commission’s Policies and Guidelines on Issue/Offer of Securities.

Query Letter Contents :

We refer to Hexagon's announcement dated 11 August 2003, in respect of the
aforesaid matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release:-
1) Whether the persons connected with a director or major shareholder have any
interest, direct or indirect, in the Proposed Subscription and Proposed Call
Option; and
2) A statement whether the Proposed Subscription and Proposed Call Option have
departed from the Securities Commission’s Policies and Guidelines on
Issue/Offer of Securities.
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
TYE/LMN
copy to:- Securities Commission (via fax)


Announcement Info

Company NameHEXAGON HOLDINGS BHD  
Stock Name HEXAGON    
Date Announced15 Aug 2003  
CategoryGeneral Announcement
Reference NoMM-030815-42503