MULTI-ASIA INTL<0234> - Exceptional Turnover Movement

The Stock Exchange has received a message from Multi-Asia International 
Holdings Limited which is reproduced as follows:-

"This statement is made at the request of The Stock Exchange of Hong Kong 
Limited.

We have noted the recent increase in the trading volume of the shares of 
the Company and wish to state that the Board are not aware of any reasons 
for such increase.

Sino Success finance Limited, beneficially owned by Mr. Li Chi Sing ("Mr. 
Li") who is the Chairman of the Company, has disposed 2,800,000 shares of 
the Company at a price of HK$1.85 each.  After the disposal, Mr. Li 
through his interest in Scholar Time Limited and Sino Success Fiance 
Limited, is interested in 18,121,887 Shares of the Company such disposal 
representing approximately a decrease from 8.93% to 7.74% of the issued 
share capital of the Company.

New Century Worldwide Investment Limited, the single largest shareholder 
holdings about 22.47% shareholding interest in the Company pursuance to 
the latest disclosure made under the Securities (Disclose of Interest) 
Ordinance, and a Company beneficially owned by Mr. Huang Cheow Leng.

Save as disclosed, we 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.

Made by the order of the board of Multi-Asia International Holdings 
Limited the directors of which individually and jointly accept 
responsibility for the accuracy of this statement.

Made by order of the Board

Chang Kin Man
Company Secretary

Hong Kong, 18 February, 2000"