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Date : 29 September 2000

MMC Eyes More Malakoff Shares and Stake in PTP

MALAYSIA MINING CORPORATION BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDNM-000928-42913
SubjectMMC Eyes More Malakoff Shares and Stake in PTP

Contents :

We refer to your query in relation to the article in Business Times in respect of the above.


We wish to advise that the shareholders of Malaysia Mining Corporation Berhad (MMC) approved the acquisition of 22.7% in Malakoff Berhad (Malakoff) at the Extraordinary General Meeting on 27 September 2000. In order to further enhance its synergistic effect of the proposed acquisition, MMC plans to increase its stake in Malakoff if such opportunity arises in the near future.

As regards to eyeing a stake in Port of Tanjung Pelepas (PTP), MMC has already announced on 13 July 2000 that PTP, being an infrastructure company, would have a synergistic fit with MMC's existing business activities. As such, PTP is one of the infrastructure projects that MMC is keen to participate in.

As required by the KLSE Listing Requirements, MMC will make the necessary announcements at the appropriate time should development of any proposal reach a stage at which it is necessary to do so.

Query Letter Contents :

We refer to the above article appearing on Page 1 and 13 of the Business Times
newspaper on 28 September 2000, 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
Malaysia Mining Corp Bhd (MMC), while saying it will stick to mining, has
announced that it wants to buy more shares in independent power producer
Malakoff Bhd and also a piece of Port of Tanjung Pelepas (PTP).
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 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 reported sentence or any other part of the article, you are required
to set forth facts sufficient to clarify any misleading aspects of the same. In
the event you confirm the above reported sentence or any other part of the
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
Senior Manager
Listing Operations
ASL/NIK
Copy to: Securities Commission (via fax)



Announcement Info

Company NameMALAYSIA MINING CORPORATION BERHAD  
Stock Name MMCCORP    
Date Announced29 Sept 2000  
CategoryGeneral Announcement
Reference NoMM-000929-55326

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