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Date : 25 May 2001

Article Entitled: "MCA backs takeover of Nanyang"


TypeReply to query
Reply to Query Letter by KLSE reference IDSW-010524-38739
SubjectArticle Entitled:
"MCA backs takeover of Nanyang"

Contents :

We refer to the letter dated 24 May 2001 on the above matter.

The Company informs that it is in discussion with Huaren Holdings Sdn Bhd with regard to a possible disposal of its interest in Nanyang Press Holdings Berhad. If and when a definitive agreement is reached, an announcement will be made.

This announcement is dated 25 May 2001.

Query Letter Contents :

We refer to the above news article appearing in The Star, page 2, on Thursday,
24 May 2001, 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:-
" The MCA presidential council has endorsed a proposed offer to acquire Nanyang
Siang Pau and China Press ..."
" The presidential council fully supports the proposed takeover and mandates
Huaren Holdings (MCA's investment arm) and Star Publications' management and
board to proceed immediately with the transaction ..."
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

Senior Manager, Listing Operations
c.c. Securities Commission (via fax)

Announcement Info

Stock Name HUMEIND    
Date Announced25 May 2001  
CategoryGeneral Announcement
Reference NoHH-010524-53899


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