KING PACIFIC<0072> - Announcement


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.

KING PACIFIC INTERNATIONAL HOLDINGS LIMITED   INTELLIGENT TRICO 
                                           INVESTMENT HOLDINGS LIMITED
(Incorporated with limited liability in Bermuda)   (Incorporated 
                                  with limited liability in Hong Kong)

DELAY OF DESPATCH OF Composite Document

The boards of directors of the Offeror and King Pacific refer to the 
joint announcement dated 20th May, 1999 (the "Announcement") in 
relation to the unconditional voluntary cash offer (the "Offer") 
by ICEA Capital Limited on behalf of Intelligent Trico Investment 
Holdings Limited for all the issued shares of King Pacific 
International Holdings Limited (other than those shares already 
owned or held by the Offeror or parties acting in concert with it). 
The composite document which includes the offer document of the 
Offeror, together with forms of acceptance and transfer, and the 
response document of King Pacific (the "Composite Document") will 
be despatched as soon as practicable and in any event, on or before 
30th June, 1999.

The boards of directors of the Offeror and King Pacific refer to the 
announcement dated 20th May, 1999 in relation to the Offer for Shares 
in King Pacific not already owned by the Offeror and parties acting 
in concert with it. Unless otherwise stated, terms used herein shall 
have the same meaning as defined in the Announcement.

According to Rule 8.2 of the Takeovers Code, the Composite Document 
should be despatched to the shareholders of King Pacific by Thursday, 
10th June, 1999. However, as additional time is required for 
compiling certain financial information to be contained in the 
Composite Document, the Composite Document will not be despatched 
on 10th June, 1999. The Offeror has applied to the SFC for its consent 
to an extension of the deadline for despatching the Composite 
Document. It is expected that the Composite Document will be 
despatched as soon as practicable and in any event, on or before 30th 
June, 1999.

By Order of the Board                         By Order of the Board
King Pacific International Holdings Limited   Intelligent Trico 
                                              Investment Holdings Limited
Xiong Ping Bo Paul                            Cheng Chao Ming
Director                                      Director

Hong Kong, 9th June, 1999

The directors of the Offeror and King Pacific jointly and severally 
accept full responsibility for the accuracy of the information 
contained in this announcement and confirm, having made all 
reasonable inquiries, that to the best of their knowledge, opinions, 
expressed in this announcement have been arrived at after due and 
careful consideration and there are no other facts not contained in 
this announcement, the omission of which would make any statement 
in this announcement misleading.