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Date : 10 November 2000

ARTICLE ENTITLED: 'MISC May Issue Bonds To Buy Ships"

MALAYSIA INTERNATIONAL SHIPPING CORPORATION BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDZO-001109-41745
SubjectARTICLE ENTITLED: 'MISC May Issue Bonds To Buy Ships"

Contents :

With reference to your fax Ref. ZO-001109-41745 dated 9 November 2000, regarding the news item referred to above, our comments are as follows :-


The possibility of meeting part of the cost of the 4 LNG ships on order by selling bonds was mentioned as an option in response to a question when releasing the unaudited consolidated results of the Group for the second quarter ended 30 September 2000.

It was pointed out then that this option was indicative of very preliminary thinking and needed to be developed and carefully studied further.

An appropriate announcement would be made later after the matter had been fully studied and decided upon.

It is hoped that this helps to clarify the situation.

Query Letter Contents :

We refer to the above news article appearing on Bloomberg, on Thursday, 9
November 2000, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence
which is reproduced as follows:-
"Malaysian International Shipping Corp (3816) ... may sell US$600 million in
bonds ..."
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 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 sentence 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


LISA LAM
Senior Manager, Listing Operations
LL/ASL/ZOOS
c.c. Securities Commission (via fax)



Announcement Info

Company NameMALAYSIA INTERNATIONAL SHIPPING CORPORATION BERHAD  
Stock Name MISC    
Date Announced10 Nov 2000  
CategoryGeneral Announcement
Reference NoMI-001110-55499
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