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We refer to your letter dated 14 February 2000 on the abovecaptioned matter.
In our reply of 20 January 2000 to an earlier query from the Exchange, the Company has reported that it had been informed by certain major shareholders, viz., Dato' Tan Chee Sing and Lim Kim Huat that they have disposed a significant portion of their shareholdings in the Company. Consequently, Lim Kim Huat has ceased to be a substantial shareholder of the Company.
We wish to inform the Exchange that the Company has been further informed by Dato' Tan Chee Sing that his remaining interest in the Company held via Pan Mahsuri Sdn Bhd and Kenanga Murni Sdn Bhd will be sold and that he will remain a substantial shareholder of the Company but with a reduced stake therein of around 4%.
Save for the above, there are no other material development in the Company's business and affairs which have not been previously disclosed to the Exchange.