Date : 09 May 2000

"New twist to Time dotCom battle" - Star Business Section Page 3 Tuesday 9 May 2000

UNIPHONE TELECOMMUNICATIONS BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDCY-000509-43708
Subject"New twist to Time dotCom battle" - Star Business Section Page 3 Tuesday 9 May 2000

Contents :

We refer to the query on the above article via your fax dated 9 May 2000.


We firstly confirm that the board of TIME Engineering Berhad has formally rejected Sapura Group's above referred bid by their fax dated 9 May 2000.

On the issue of Sapura having supposedly mustered 26% of TIME creditors voting rights, the said quote has not been based on any fact or event that may have emitted from Sapura and is instead an industry source story by unidentified sources, which is a mere speculative statement.

Query Letter Contents :

We refer to the above news article appearing in The Star, Business Section,
page 3 on Tuesday, 9 May 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:-
"... the board of Time Engineering Bhd has formally rejected a revised takeover
offer by Sapura Holdings Sdn Bhd."
"Sapura is believed to have mustered 26% of the voting rights from the
creditors of Time, which could effectively block Time's deal with Singtel."
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 immediately.

Yours faithfully
KUALA LUMPUR STOCK EXCHANGE


LISA LAM
Senior Manager, Listing Operations
LL/ASL/CY
c.c. Securities Commission



Announcement Info

Company NameUNIPHONE TELECOMMUNICATIONS BERHAD  
Stock Name UNIPHON    
Date Announced9 May 2000  
CategoryGeneral Announcement
Reference NoUT-000509-58832