Contents :
We refer to your letter dated 27 August 2003 and wish to inform that there is no material development in our Company's business and affairs nor to our knowledge any change in the major shareholders. We are not aware of any reasons to account for the unusual market activities in our Company recently.
We further declare that the Company is not involved in any of the events as listed in paragraph 9.04 of the Listing Requirements of the Kuala Lumpur Stock Exchange.
Query Letter content:
We draw your attention to the sharp increase in price and high volume in your Company's shares today.
In accordance with pargraph 9.11 of the Exchange's Corporate Disclosure Policy on Response To Unusual Market Activity, you are requested to furnish the Exchange with an announcement for public release after a due enquiry seeking the cause of the unusual market activity in the Company's securities. When considering your response and when making the required announcement, your attention is particularly drawn to the continuing disclosure requirements set out in Chapter 9 of the KLSE's Listing Requirements.
The announcement is to reach the Exchange immediately today via KLSE Listing Information Network ("KLSE Link").
Yours faithfully
Ch'ng Boon Huat
Vice President
Financial Review & Surveillance
Listing Group