LAI SUN DEV<00488> - Unusual price & volume movements
The Stock Exchange has received a message from Lai Sun Development Company
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 increases in the price and trading volume of the
shares of the Company and wish to state that we are not aware of any
reasons for such increases.
We also confirm that, save for the matters disclosed in the announcement
of the Company and eSun Holdings Limited dated 2nd July, 2004 relating to
the settlement of indebtedness and the announcements in respect of the
delay and further delay in despatch of the circulars dated 22nd July,
2004, 12th August, 2004 and 31st August, 2004, there are no negotiations
or agreements relating to intended acquisitions or realizations 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 Lai Sun Development Company Limited the Board of
Directors of which individually and jointly accept responsibility for
the accuracy of this statement.
By Order of the Board of
Lai Sun Development Company Limited
Yeung Kam Hoi
Company Secretary
Hong Kong, 7 September, 2004
As at the date hereof, the executive directors of the Company are Mr. Lim
Por Yen, Mr. Lam Kin Ngok, Peter, Mr. Lau Shu Yan, Julius and Mr. Wu Shiu
Kee, Keith, the non-executive directors are Mr. Lam Kin Ming, Madam U Po
Chu, Mr. Chiu Wai and Mr. Shiu Kai Wah and the independent non-
executive directors are Mr. David Tang and Mr. Lam Bing Kwan."
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