Contents :

We refer to the above acquisition which was announced on 18 January 2000 and your letter dated 25 February 2000 requesting for additional information.

1. NET TANGIBLE ASSETS AND NET PROFITS OF MTECH BASED ON ITS LATEST AUDITED ACCOUNTS

MTECH was incorporated only on 6 May 1999 and its accounts has not been audited yet. Accordingly MTECH does not have any profit and loss accounts as the company has not commence operations but has laid the necessary infra-structure for its services which was launched on February 15, 2000.

The net tangible assets per share of MTECH of approximately RM0.28 as per our announcement dated 18 January 2000 was based on MTECH's management accounts as at 31 December 1999.

2. PARTICULARS OF ALL LIABILITIES TO BE ASSUMED BY AKN ARISING FROM THE ACQUISITION

Apart from the purchase consideration of RM1.75 million, AKN will not be assuming any other liabilities.

3. ORIGINAL COST OF INVESTMENT OF THE 220,500 ORDINARY SHARES IN MTECH TO EN. HAMINUDDIN BIN MOHD DERUS AND THE DATE OF SUCH INVESTMENT(S)

The original cost of investment was RM220,500 which was invested on 29 June 1999.

4. THE TERMS OF PAYMENT OF THE PURCHASE CONSIDERATION OF RM1.75 MILLION

The entire purchase consideration was paid in cash upon execution of the agreement and the share transfer relating to the 220,500 shares in MTECH.

5. WHETHER ANY PERSONS CONNECTED WITH THE DIRECTORS OR SUBSTANTIAL SHAREHOLDERS HAVE ANY INTEREST, DIRECT OR INDIRECT IN THE ACQUISITION

None of the Directors or the Substantial Shareholders of AKN have any interest, direct or indirect in the Acquisition.

6. THE WEIGHTED AVERAGE MARKET PRICE FOR THE EQUITY SHARE CAPITAL OF AKN FOR THE FIVE (5) MARKET DAYS PRIOR TO THE DATE ON WHICH THE TERMS OF ACQUISITION WERE AGREED UPON.

The terms of the acquisition were agreed upon on 18 January 2000 and the weighted average market price of AKN shares for the 5 market days prior to 18 January 2000 was RM8.43.

7. SALIENT FEATURES OF THE SALE AND PURCHASE AGREEMENT AND VALUATION REPORT IF ANY AND THE TIME AND PLACE WHERE SUCH DOCUMENTS MAY BE INSPECTED

In addition to the purchase consideration as reported above, the other salient features of the sale and purchase agreement are as follows:

(i) the shares were acquired free from all encumbrances.

(ii) AKN's will have 2 representatives on the board of MTECH which has 5 members. AKN representatives are Encik Ahmad Kabeer bin Mohamed Nagoor and Mr. Tan Yeow Teck.

There was no external valuation being carried out for the above acquisition.

The sale and purchase agreement can be inspected at the company's registered office at 11th Floor, Bangunan FOP, Jalan Anson, 10400 Penang during its normal office hours.

8. STATEMENT BY DIRECTORS

The Board of Directors of AKN are of the opinion that the above acquisition is in the best interest of the Company.

Query Letter Contents :

We refer to your announcement dated 18 January 2000 on the aforesaid matter.
In this connection, kindly furnish the Exchange with the following additional
information for public release:
The net tangible assets and net profits of MTECH based on its latest audited
accounts.
Particulars of all liabilities to be assumed by AKN arising from the
Acquisition.
The original cost of investment of the 220,500 ordinary shares in MTECH to En.
Haminuddin Bin Mohd. Derus, and the date of such investment(s).
The terms of payment of the purchase consideration of RM1.75 million.
Whether any persons connected with the Directors or Substantial Shareholders
have any interest, direct or indirect, in the Acquisition.
The weighted average market price for the equity share capital of AKN for the
five (5) market days prior to the date on which the terms of the Acquisition
were agreed upon.
Salient features of the sale and purchase agreement and valuation report, if
any, and the time and place where such documents may be inspected.
A statement by the Board of Directors stating whether or not the
transaction is in the best interests of the company, and where a director
disagrees with such statement, a statement by the director setting out the
reasons and the factors taken into consideration in forming that opinion.





Kindly furnish the Exchange with your reply within two (2) market days from the
date hereof.

Yours faithfully
KUALA LUMPUR STOCK EXCHANGE


Lisa Lam
Senior Manager, Listing Operations

LL/CY

c.c: Securities Commission