Contents :
1st underlined sentence
A total of 6,600,000 shares were sold by Fook Hua Holdings Sdn Bhd on 9, 10 and 11 October 2000, as reported. We confirm that their holdings now sand at 2,283,924 shares equivalent to 6.85%. These disposals had been appropriately reported to the KLSE on 23/10/2000 (see our report ref :MP-001019-56609 and MP-001019-52120)
2nd underlined sentence
The company has no knowledge of such rumours. The company has no other notification of disposals or acquisition other than those disclosed.
3rd underlined sentence
The company has no knowledge of the rumours.
Query Letter Contents :
We refer to the above article appearing in The Edge, page 10 on Monday, 13
November 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:-
"The size of the blocks being sold has sparked market speculation that there
may be a change in the company's shareholding structure.”
"..Datuk Chua Hock Chin... is believed to be one of the buyers. However, market
talk has it that Chua was already a substantial shareholder in the company
before the acquisition.”
"Rumours abound, including one that says Renong chieftain Tan Sri Halim Saad is
looking to sell an indirect stake in the company.”
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
INDERJIT SINGH
Senior Manager
Listing Operations
ASL/CKM
Copy to : Securities Commission (via fax)