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 10 May 2002 and wishes to state that it is not aware of any
reason for such increase, save as the proposed acquisition by the Company
of 100% interests in a PRC incorporated company, Shenzhen Baker Deal
Industrial Company Limited, the propsed disposal by the Company
of 100% interest in Finestyle Investments (Surinana) N.V., and
the leagal proceedings disclosed in the Company's announcements on 19
April 2002, 29 April 2002 and 8 May 2002 respectively.
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, 10 May 2002"
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