WONG'S INT'L<0099> - Exceptional Price & Turnover Movements
The Stock Exchange has received a message from Wong's International
(Holdings) Limited which is reproduced as follows:-
"This announcement is made about the increases in the price and trading
volume of the shares of the Company on 28th February, 2000.
This announcement is made at the request of The Stock Exchange of Hong
Kong Limited.
The directors of the Company (the "Directors") note the increases in the
price of the shares of the Company on 28th February 2000. Save as
explained below, the Directors wish to state that they are not aware of
any reasons for such increases.
The Directors wish to state that the Company has received letters from two
independent third parties in respect of a proposed acquisition of certain
operating assets of the Group. The Directors are considering the terms of
the letters (which are subject to contract). As the discussions are at a
preliminary stage, the proposed acquisition may or may not proceed, but if
it proceeds, it may amount to a notifiable transaction under the Listing
Rules.
Apart from the foregoing, the Directors confirm that there are no
negotiations or agreements relating to intended acquisitions or
realisations which are discloseable under paragraph 3 of the Listing
Agreement, neither is the Board aware of any matter discloseable under the
general obligation imposed by paragraph 2 of the Listing Agreement, which
is or may be of a price-sensitive nature.
Sharesholders and investors are advised to exercise caution when dealing
in the shares of the Company.
Made by the order of the Board of the Company, the Directors of
which (except Sir Kenneth Ping-Fan Fung, Dr. Yu Sun Say, The Hon. Li Ka
Cheung, Eric and Mr. Chan Wing Kwong, Paulus who cannot be contacted prior
to the release of this announcement) individually and jointly accept
responsibility for the accuracy of this statement.
By order of the Board of
Wong's International (Holdings) Limited
Gabriel, Chan Tsze Wah
Company Secretary
28th February 2000"
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