AWT HOLDINGS<0401> - Announcement & Resumption of Trading

The  Stock  Exchange of Hong Kong Limited takes no responsibility for
the  contents of this announcement, makes no representation as to its
accuracy  or  completeness  and  expressly disclaims any liability
whatsoever  for  any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.

AWT HOLDINGS COMPANY LIMITED
(incorporated in Bermuda with limited liability)

The  Stock  Exchange of Hong Kong Limited (`Stock Exchange') made
enquiries  concerning  the  increase in the price and volume of the
shares  of the Company today. Save as referred to below, the board of
directors  of  the Company (`Board') is not aware of any matter that
might  have  resulted in the increase in the price and volume of the
shares of the Company.

This statement is made at the request of the Stock Exchange.

The  Board  refers  to  the announcements of 8th March, 1999, 10th
March,  1999  and 15th April, 1999 (`Announcements'). All capitalised
terms  used  in this announcement, if not defined, are defined in the
Announcements.

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

We  also  refer  to various articles which appeared in the press on
24th  April, 1999 and wish to clarify the contents of those articles.

Apart  from  the  information  disclosed in the Announcements, the
Company  is  in the course of discussing with Mr. Chan Sing Fai, the
new  Chairman  (`Mr.  Chan')  appointed on 22nd April, 1999, on the
rescue  plan of the Company which may include a possible subscription
of  new  shares by Mr. Chan, however, the subscription size and price
have  not yet been determined. As the negotiations are preliminary in
nature,  we  have not yet discussed with any creditors including IBA
and  Tokyo  Leasing,  which have served petitions for winding-up the
Company  and  two of its subsidiaries, on the details of this rescue
plan.

As  at  the  date of this announcement, the directors of the Company
and  the  single  substantial  shareholder,  Excelbond Limited, a
wholly-owned  subsidiary of China Strategic Holdings Limited which is
listed  on  the  Stock Exchange, confirm that none of them and their
respective  associates have dealt in any shares of the Company and Mr.
Chan  also confirms that he does not hold, directly or indirectly, any
shares of the Company.

We  also  refer  to  the  announcement  of the Company dated 16th
November,  1998  in  respect  of  the Disposal Agreement dated 9th
November,  1998  entered  into  among Sunford Finance (HK) Limited
(`Sunford'),  Hinton Holdings Inc. (`Hinton') and Mr. Yeung Wing Keung
Wilson.  The Company has yet to ascertain whether Hinton has defaulted
in  its payment schedule in its proposed acquisition of the shares of
the Company from Sunford.

Save  as  disclosed  above,  the Board confirms that, there are no
negotiations  or  agreements relating to the 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.

At  the  request  of  the Company, the trading in the shares of the
Company  was  suspended at 2:30 p.m. on 26th April, 1999 pending this
announcement  which  could  not be released during the trading hours
today.

Application  has  been made to the Stock Exchange for the resumption
of  the  trading  in the shares of the Company at 10:00 a.m. on 27th
April, 1999.

The  Company  will  make  further  announcement  on updating the
development  of  the  above  issues to the shareholders as and when
appropriate.

Made  by  the  order  of the Board of the Company, the directors of
which  individually and jointly accept responsibility for the accuracy
of this statement.

As  the  Company  may or may not proceed with the said rescue plan,
shareholders  are  advised  to exercise caution when dealing in the
shares of the Company.

                                By order of the Board 
                                Leung Tze Hang David       
                                Managing Director 

Hong Kong, 26th April, 1999