Announcements
ARTICLE ENTITLED:" Naluri may end up with hefty stake in TRI"
TECHNOLOGY RESOURCES INDUSTRIES BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | ZO-001130-43766 |
Subject | ARTICLE ENTITLED:" Naluri may end up with hefty stake in TRI" |
Contents :
We refer to your letter dated 30 November 2000 on the above news article, which appeared in the Companies & Markets Section of Business Times on the even date.Please be advised that Naluri Berhad has not indicated its intention to acquire further stake in the Company as reported in the said article.
On the part of TRI, there is no plan to increase its capital by way of Rights Issue nor to list Celcom in order to address the Company's financial commitment. However, TRI is open to various options.
Query Letter Contents :
We refer to the above news article appearing in Business Times, Companies &
Markets section, page 13, on Thursday, 30 November 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:-
"... Naluri may end up with a hefty stake in Technology Resources Industries
Bhd (TRI)."
"Naluri ... will get a slice of Malaysia's largest mobile telecommunication
operator while TRI will gain access to much-needed capital that will allow it
to go seek money from the capital market via a rights issue."
"The proceeds will be used to run down TRI's financial commitments and pave way
for a listing of Celcom at a later date ... "
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 within one (1) market day from the
date hereof.
Yours faithfully
LISA LAM
Senior Manager, Listing Operations
LL/ASL/ZOOS
c.c. Securities Commission (via fax)
Announcement Info
Company Name | TECHNOLOGY RESOURCES INDUSTRIES BERHAD |
Stock Name | TRI |
Date Announced | 1 Dec 2000 |
Category | General Announcement |
Reference No | KK-001201-67203 |