Bursa Announcements
ARTICLE IN NANYANG SIANG PAU ENTITLED: "POSHLDG surges on talks of disposal of non-core business" ("Article")
| POS MALAYSIA & SERVICES HOLDINGS BERHAD |
|
Type | Reply to query |
| Reply to Query Letter by KLSE reference ID | CY-040410-39444 |
| Subject | ARTICLE IN NANYANG SIANG PAU ENTITLED: "POSHLDG surges on talks of disposal of non-core business" ("Article") |
Contents :
We refer to the letters dated 10 and 23 April 2004 from the Bursa Malaysia and our announcements on 12 and 14 April 2004 in relation to the above captioned.
After having due and diligent enquiry with all the directors, major shareholders and all such other persons reasonably familiar with the matters about which the disclosure is to be made in respect of the Article, we wish to inform that Pos Malaysia Berhad ("POS"), a wholly owned subsidiary of Pos Malaysia & Services Holdings Berhad ("the Company" or "PSH") is currently undergoing its normal internal business review. As part of the business review, POS may intend to dispose of its non-core businesses, such as its 30% equity interest in a subsidiary / investment in exchange for shares in Transmile Group Berhad.
Pending the completion of the internal business review, neither PSH or its subsidiaries has entered into any discussions, negotiations or agreements with any parties on any disposal of equity interest in a subsidiary. The Company will release the appropriate announcement as and when any agreements are executed.
This announcement is dated 26 April 2004.
Query Letter Contents :
We refer to the above article appearing in Nanyang Siang Pau, Nanyang Business
Section, page C5, on Saturday, 10 April 2004, a copy of which is enclosed for
your reference.
In particular, we would like to draw your attention to the underlined sentence,
which states that Pos Malaysia & Services Holdings Berhad intends to dispose of
30% equity interest in a subsidiary in exchange for shares in Transmile Group
Berhad.
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 sentence after due and diligent enquiry with all the directors,
major 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 sentence 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 sentence 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
INDERJIT SINGH
Sector Head, Issues & Listing
Group Regulations
IS/CY
c.c. Securities Commission (via fax)
Announcement Info
| Company Name | POS MALAYSIA & SERVICES HOLDINGS BERHAD |
| Stock Name | POSHLDG |
| Date Announced | 26 Apr 2004 |
| Category | General Announcement |
| Reference No | PM-040426-54225 |
