LUEN CHEONG TAI<01190> - Exceptional Turnover Movement
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 the trading volume of the shares of
the Company on 27 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 dislcosed 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, 27 March 2002"
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