ARTICLE ENTITLED :- "Better Performance"
RHB CAPITAL BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | FM-000403-53099 |
Subject | ARTICLE ENTITLED :- "Better Performance" |
Contents :
We refer to your faxes of 3 April 2000 on the above matter to Rashid Hussain Berhad, RHB Capital Berhad and RHB Sakura Merchant Bankers Berhad respectively.
As you may be aware, Bank Negara Malaysia ("BNM") announced on 14 February 2000 that RHB Bank Berhad ("RHB Bank") had been accorded anchor bank status to lead one (1) of the ten (10) banking groups in the government's domestic banking consolidation programme and as previously announced, as part of the process, RHB Bank will be acquiring Delta Finance Berhad and Interfinance Berhad.
As you may also be probably aware, BNM had earlier issued guidelines for the separation of BNM supervised entities from non-BNM supervised entities within banking groups in Malaysia. Accordingly, as part of the domestic banking consolidation programme and to accord with the BNM guidelines, the RHB Group is also reviewing the overall structure of its banking group.
We will make the necessary announcement upon completion of our review and approval of the relevant authorities. As such, we are unable to comment on the above article at this time.
This announcement is dated 5 April 2000.
Query Letter Contents :
We refer to the above article appearing in the Edge, page C4, 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 sentence,
which are reproduced as follows:-
"...the sudden spurt could be attributed to its plans to acquire RHB Capital's
stockbroking arm,
RHB Securities."
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 sentence 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 sentence or any other part of the above article, you
are required to set forth facts sufficient to clarify any misleading aspects of
the same. In the event you confirm the above sentence or any other part of the
above 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
Chong Fui Tzy
Manager, Listing Operations
YYT/TFM
cc:Securities Commission
Announcement Info
Company Name | RHB CAPITAL BERHAD |
Stock Name | RHBCAP |
Date Announced | 5 Apr 2000 |
Category | General Announcement |
Reference No | RC-000405-62226 |