Date : 16 February 2000

Article Entitled "TA Keen To Bid For Some Small Stockbroking Firms"


TypeReply to query
Reply to Query Letter by KLSE reference IDIJ-000215-38548
SubjectArticle Entitled "TA Keen To Bid For Some Small Stockbroking Firms"

Contents :

We refer to the Kuala Lumpur Stock Exchange’s Letter dated 15 February 2000 (Your ref: IJ-000215-38548) regarding an article entitled "TA Keen To Bid For Some Small Stockbroking Firms" appearing in The Star on 15 February 2000.

We wish to announce that with the Government’s encouragement of mergers among stockbroking firms, the Group has responded by holding exploratory talks with other stockbroking companies and any positive developments will be announced to the Exchange should they materialise.

The Group is not eyeing a stockbroking company in Ipoh as it already owns a successful stockbroking company there, Botly Securities Sdn Bhd. The Group also denies that it is looking to acquire a stockbroking company in Kota Bharu.

Pengurusan Danaharta Nasional Berhad has appointed Special Administrators over several stockbroking firms, some of which have been restructured via workout schemes. The TA Group may consider the viability of acquiring those stockbroking companies still under Special Administration.

Announcement Info

Stock Name TA    
Date Announced16 Feb 2000  
CategoryGeneral Announcement
Reference NoCU-000216-51885