Contents :
Our Board refers to your enquiry dated 21 February 2000 in relation to the above matter and wishes to confirm that the Company is exploring proposals to enable it to comply with the requirements of minimum paid-up share capital Ringgit Malaysia Sixty Million (RM60 million) for Main Board companies as imposed by the Securities Commission as well as to raise funds for the Company's requirements.
An announcement will be made by the Company as and when the terms of such proposals are finalised.
Save for the above, our Board confirms that :
1 There is no material development in our Company's business and affairs not previously disclosed.
2 There is no impending change in the major shareholders.
3 Our Board is not aware of any other reasons to account for the unusual market action.