Announcements

Date : 04 September 2000

UNUSUAL MARKET ACTION

AMMB HOLDINGS BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDKLSE/FFS/UMA.00/212
SubjectUNUSUAL MARKET ACTION

Contents :

We refer to your letter dated 1 September, 2000 in respect of the sharp decrease in price and high volume of the shares of AMMB Holdings Berhad (“AHB”) on 1 September, 2000.


We wish to advise the Kuala Lumpur Stock Exchange that AHB had on 30 August, 2000 announced that AHB had entered into a conditional sale and purchase agreement with Utama Banking Group Berhad (“UBG”) in respect of the proposed merger of the banking subsidiaries of AHB and UBG (“the Proposed Merger”).

We wish to reiterate that the announcement on the Proposed Merger is an initial announcement. As such, further information will be made available when the details of the Proposed Merger are finalised.

Apart from the announcement on 30 August, 2000 on the Proposed Merger, AHB is not aware of any circumstances for the unusual market action in respect of the shares of AHB.



Announcement Info

Company NameAMMB HOLDINGS BERHAD  
Stock Name AMMB    
Date Announced4 Sept 2000  
CategoryGeneral Announcement
Reference NoMM-000904-69548

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