Contents :
We have identified PanGlobal Insurance Berhad as one of the potential partners in line with the consolidation exercise of the insurance industry.
As of todate, we have yet to receive approval from Bank Negara Malaysia. We will revert in due course.
Query Letter Contents :
We refer to the above article appearing in The Edge, on Monday, 12 February
2001, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which are reproduced as follows:-
"A recent news report on theedgedaily.com suggest that the answer could lie in
Idris wanting to acquire PanGlobal Insurance from its parent."
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,
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
CHONG FUI TZY
Manager, Listing Operations
ASL/MZM
c.c. Securities Commission (via fax)
