NEW TIMES GROUP<00166> - Unusual price & volume movements
The Stock Exchange has received a message from New Times Group Holdings
Limited which is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
Limited
The board of directors (the "Board") of New Times Group Holdings Limited
(the "Company") has noted the increase in the price and increase in
trading volume of the shares of the Company today and wish to state that
the Company is not aware of any reasons for such increase.
Save as the announcement of the Company dated 17 November 2006 regarding
commencing trading business in Zinc and currently seeking further business
opportunity in the mining, ore processing, smelting and refining operation
of Zinc, the Board confirms that there are no negotiations or agreements
relating to intended acquisitions or realizations which are discloseable
under the rule 13.23 of Listing Rules, neither is the Board aware of any
matter discloseable under the general obligation imposed by the rule 13.09
of Listing Rules, which is or may be of a price-sensitive nature.
This statement is made by order of the Board, the directors of which
individually and jointly accept responsibility for the accuracy of this
statement.
As at the date of this announcement, the board comprises two executive
directors, namely, Mr. Wu Jian Feng and Mr. Zhang Cheng Jie; two non-
executive directors, namely, Mr. Chan Chi Yuen and Mr. Chan Chung Yin; and
three independent non-executive directors, namely, Mr. Fung Chi Kin, Mr.
Qian Zhi Hui and Mr. Chiu Wai On.
By order of the Board
New Times Group Holdings Limited
Yu Wing Cheung
Company secretary
Hong Kong, 14 December 2006"
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