ABC COM (HOLD)<0030> - Announcement

The Stock Exchange of Hong Kong Limited takes no 
responsibility for the contents of this announcement, makes 
no representation as to its accuracy or completeness and 
expressly disclaims any liability whatsoever for any loss 
howsoever arising from or in reliance upon the whole or any 
part of the contents of this announcement.

ABC COMMUNICATIONS (HOLDINGS) LIMITED
(Incorporated in Bermuda with limited liability)

COMPLETION OF ACQUISITION OF
THE REMAINING 10.6% INTEREST IN
QUOTEPOWER INTERNATIONAL LIMITED

The Board announced on 10th March, 2000 (the "Balance 
Announcement") that the Company and its wholly owned 
subsidiary, Choudary Limited, had entered into a conditional 
sale and purchase agreement (the "Balance Agreement") with 
the remaining minority shareholder (the "Balance Investor") 
in QuotePower International Limited ("QPI") to acquire 
approximately 10.6% of the issued share capital of QPI (the 
"Balance Acquisition").

The Board is pleased to announce that the Balance Acquisition 
was completed on 29th March, 2000 ("Completion") and that 
pursuant to Completion, the Company issued 7,250,000 
ordinary shares of HK$0.10 each in the Company at $2.50 per 
share to the Balance Investor in full satisfaction of the 
consideration for the Balance Acquisition.

The Board is pleased to announce that the Balance Acquisition 
was completed on 29th March, 2000 ("Completion"). Upon 
Completion, pursuant to the Balance Agreement, the Company 
acquired, through its wholly owned subsidiary, Choudary 
Limited, approximately 10.6% of the issued share capital of 
QPI, and the Company has allotted and issued 7,250,000 
ordinary shares of HK$0.10 each in the Company at $2.50 per 
share (the "Consideration Shares") to the Balance Investor, 
in full satisfaction of the consideration required to be paid 
for the Balance Acquisition. The Consideration Shares are 
equivalent to 1.55 per cent. of the total issued share 
capital following Completion. Upon Completion, the Company, 
through Choudary Limited, will own the entire issued capital 
of QPI.

The Consideration Shares will rank pari passu with the 
existing issued ordinary shares of the Company. The Stock 
Exchange of Hong Kong Limited has granted conditional 
approval to the listing of and permission to deal in the 
Consideration Shares and dealings are expected to commence 
on 31st March, 2000.

This announcement is made by order of the Board of Directors 
of the Company, who individually and jointly accept 
responsibility for the accuracy of this announcement.

By Order of the Board of directors of
ABC Communications (Holdings) Limited
Patricia Yeung Shuk Kwan
Managing Director

Hong Kong, 29th March, 2000