Contents :
"Your letter dated 3/8/2000 concerning the above matter is referred.
After making enquiries from the mentioned parties we would like to inform the Exchange that Econstates Bhd is currently not aware of any such corporate plans as postulated by the author of the article. If in future, Econstates Berhad were to come to know of such plans we would take the necessary steps to make the appropriate announcements to inform the shareholders through the Exchange as soon as possible."
End.
Query Letter Contents :
We refer to the above news article appearing in The Sun, Sun Biz, page 20 on
Thursday, 3 August 2000.
In particular, we would like to draw your attention to the following sentence
of the above article which is reproduced as follows:-
" At a later stage, Road Builder is expected to inject Seremban 2 and other
properties into Econstates, making the latter its listed property arm."
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 above
sentence 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 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
KUALA LUMPUR STOCK EXCHANGE
Inderjit Singh
Senior Manager, Listing Operations
SA /CMJ
cc: Securities Commission
(Attn: Encik Onn Ismail, Market Surveillance Department)
