Contents :
INTRODUCTION
Further to the announcement dated 23 August 2001, the Board of Directors of K & N Kenanga Holdings Berhad ("K&N" or "the Company") wishes to announce that the negotiations with Satria Realty Sdn Bhd ("Satria") in relation to the rental of office space pursuant to the Tenancy Agreement dated 20 December 1994 and Memorandum of Sublease dated 19 September 1995 (collectively referred to as the "Tenancy Agreement") has not been completed as Satria has yet to respond to the proposal put forth by K&N in respect of the Tenancy Agreement.
A further announcement will be made upon completion of negotiations on the terms of the Tenancy Agreement.