KING PACIFIC<0072> - Exceptional Price Movement
The Stock Exchange has received a message from King Pacific 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 decreases in the price of the shares of the
Company and wish to state that we are not aware of any reasons for such
decreases.
We also 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 King Pacific International Holdings
Limited the directors of which individually and jointly accept
responsibility for the accuracy of this statement.
Xiong Pingbo, Paul
19 January 2000"
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