Bursa Announcements


Date : 04 April 2000

ARTICLE ENTITLED: "Formis Seen As Having Right Formula"

FORMIS (MALAYSIA) BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDHH-000403-38921
SubjectARTICLE ENTITLED: "Formis Seen As Having Right Formula"

Contents :

Reference to your letter dated 3 April 2000 on the above subject.


We wish to inform as follows :

1) The Memorandum of Understanding between Formis Holdings Berhad ("FHB") and PT Wahyu Infotek Solusi Ekatama for joint-venture in Indonesia was signed by the company prior to its admission as a subsidiary of the listed group of Formis (Malaysia) Berhad ("FMB") [formerly known as Orlando Holdings Berhad] Group of companies. The transaction was disclosed in the then Orlando Holdings Berhad ("OHB")'s Circular to Shareholders dated 15 November 1999.

The said transaction however, was subsequently aborted in December 1999, prior to completion of the reverse take-over of FMB and transfer listing to the KLSE Main Board on 30 March 2000.

2) The Company's ventures into Philippines has also been disclosed in the abovesaid OHB's Circular to Shareholders dated 15 November 1999.

Yours truly
FORMIS (MALAYSIA) BERHAD




FOONG KAI MING
Company Secretary







Query Letter Contents :

We refer to the above news article appearing in The Star, Business Section,
page 5, on Monday, 3 April 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:-
"Formis has already signed a MOU with PT Wahyu Infotek Solusi Ekatama in
Indonesia to set up a joint venture to provide IT-related systems, services and
infrastructure in the country."
"It has already initiated preliminary discussions with potential joint venture
partners in the Philippines with the aim of similar strategies."
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 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 matter
about which the disclosure is to be made in this respect. 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. 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.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.

Yours faithfully
KUALA LUMPUR STOCK EXCHANGE

Lisa Lam
Senior Manager, Listing Operations
ASL/HH



Announcement Info

Company NameFORMIS (MALAYSIA) BERHAD  
Stock Name FORMIS    
Date Announced4 Apr 2000  
CategoryGeneral Announcement
Reference NoCF-000404-60695

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