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 2 July 2002 and wishes to state that it is not aware of
any reason for such increase, save as the further delay in interim results
announcement, the legal proceedings, the final results for the year ended
31st May 2001, the statutory demands and the winding up petition disclosed
in the Company's announcements of 28 June 2002, 17 June 2002, 12 June
2002, 6 June 2002 and 27 May 2002 respectively.
Except for the above and the proposed acquisition of Shenzhen Baker and
the proposal disposal of a subsidiary, Finestyle Investments (Suriname)
N.V. disclosed in the announcements of 19 April 2002 and 29 April 2002
respectively, 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, 2 July 2002"
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