ASIA LOGISTICS<00862> - Exceptional Price & Turnover Movements
The Stock Exchange has received a message from Asia Logistics Technologies
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 decreases in the price and increases in trading
volume of the shares of the Company and wish to state that we are not aware
of such fluctuation save for the joint announcement of New World Development
Company Limited and the Company dated 1 April 2004 in relation to major and
connected transactions:
(1) Proposed acquisition of the entire interest in New World PCS Holdings
Limited;
(2) Proposed issue of new shares and a convertible note;
(3) Proposed distribution in specie of the entire interest in New World
CyberBase Limited (stock code: 276), capital reduction, increase in
authorized share captial and share consolidation; and
(4) Proposed change of name.
We also confirm that there are no negotiations or agreements relating to
intended acquisitions or realisations which are discloseable under
rule 13.23, neither is the Board aware of any matter discloseable under
the general obligation imposed by rule 13.09, which is or may be of a
price-sensitive nature.
Made by the order of the Board of directors of Asia Logistics Technologies
Limited, the directors of which individually and jointly accept
responsibility for the accuracy of this statement.
For and on behalf of
ASIA LOGISTICS TECHNOLOGIES LIMITED
Ben Yu
Executive Director
Hong Kong, 6 April 2004
The Board of the Company comprises:
Executive Directors:
Lo Lin Shing, Simon (Chairman)
Chan Ki (Vice Chairman)
Chan Wai Keung, Ringo (Chief Executive Officer)
Yu Ansheng, Ben
Lo Lin Kwong
Zhao Rui
Non-executive Directors:
Dr. Cheng Kar-Shun, Henry
Ho Hau Chong, Norman
Independent Non-executive Directors:
To Hin Tsun, Gerald
Wei Chi Kuan, Kenny"
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