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 the trading volume and decrease
in the price of the shares of the Company on 23 April 2002 and wishes to
state that it is not aware of any reason for such fluctuations, save as
the proposed acquisition by the Company of 100% interests in a PRC
incorporated company, Shenzhen Baker Deal Industrial Company Limited,
disclosed in the Company's announcement on 19 April 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
Hung Yat Ming
Company Secretary
Hong Kong, 23 April 2002"
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