LUEN CHEONG TAI<01190> - Exceptional Price & Turnover Movements
The Stock Exchange has received a message from Luen Cheong Tai
International Holdings Limited which is reproduced as follows:-
"This statement is made at the request of the Stock Exchange of Hong Kong
Limited.
The Board has noted the increase in both the trading volume and the price
of the shares of the Company on 6 March 2002, and wishes to state that it
is not aware of any reason for such increase, save as the
discloseable transaction involving issuance of new shares in respect of
the acquisition of 100% of the issued share capital of Sky Glory Holdings
Limited disclosed in the Company's announcement of 7th February 2002, the
legal proceedings disclosed in the Company's announcement of 27 February
2002 and the further delay in annual results announcement for the year
ended 31 May 2001 disclosed in the Company's announcement of 1 March 2002.
Save as disclosed above, the Board confirms that there are no negotiations
or agreements relating to intended acquisitions or realizations 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.
This statement is made by order of the Board of which the directors
individually and jointly accept responsibility for the accuracy of this
statement.
By order of the Board
Luen Cheong Tai International Holdings Limited
Chan Man Chuen
Chairman
Hong Kong, 6 March 2002"
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