BURSA ANNOUNCEMENTS

Date : 24 April 2000

ARTICLE ENTITLED : "DIJAYA TO LIST INTERNET SUBSIDIARIES"

DIJAYA ENTERPRISE BHD

TypeReply to query
Reply to Query Letter by KLSE reference IDSW-000421-55179
SubjectARTICLE ENTITLED :
"DIJAYA TO LIST INTERNET SUBSIDIARIES"

Contents :

We refer to your letter of 21 April 2000 in relation to the aforementioned article appearing in the Sun, Sun Biz Section and would like to advise that pursuant to the terms of the option agreements dated 18 March 2000 entered into between Dijaya Enterprise Bhd ("DEB") and the three Internet companies namely, 1800Assist.com Sdn Bhd, MyETutor.com Sdn Bhd and MCities.com Sdn Bhd, the parties to the agreements acknowledged that it is their mutual intention to seek listing and quotation of the shares at a stock exchange to be mutually agreed.


It is to be noted that the intention to seek public listing has been made alluded to vide DEB's reply to the Exchange's query dated 24 March 2000 which was mentioned under paragraphs 6(a) and 6(c) of the said announcement. In addition to this, the three option agreements have also been made as material contracts available for public inspection as stated in the independent advice circular to shareholders dated 14 April 2000.

As regards the specific stock exchange that the three companies intend to seek public listing and duration of the listing exercise, the Board of Directors of DEB would not be able to comment as DEB is not yet a shareholder of the said companies until the options are exercised. In any event, it would probably be premature as well.

Query Letter Contents :

We refer to the above news article appearing in The Sun, Sun Biz Section, page
1, on Friday, 21 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:-
"Dijaya Enterprise Bhd, ...will list three of its Internet acquisitions within
the next 12 to 18 months."

"...the listings are likely to be either at Singapore's Sesdaq, Hongkong's
Growth Enterprise Market (GEM) or the Malaysian Exchange of Securities Dealing
and Automated Quotation Bhd (Mesdaq)."


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 reported 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 matters about which the disclosure is to be made in this respect. 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. 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.
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
SA/KLL/SW
c.c. Securities Commission



Announcement Info

Company NameDIJAYA ENTERPRISE BHD  
Stock Name DIJAENT    
Date Announced24 Apr 2000  
CategoryGeneral Announcement
Reference NoCJ-000424-41380

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