EURO-ASIA AGRIC<00932> - Announcement
The Stock Exchange has received a message from Euro-Asia Agricultural
(Holdings) Company Limited which is reproduced as follows:-
"The Board of Directors (the "Board") of Euro-Asia Agricultural (Holdings)
Company Limited (the "Company", the Company and its subsidiaries
collectively the "Group") would like to clarify the recent false reports
and rumors of its Chairman, Mr. Yang Bin and the Group.
The Board seriously and firmly states that Mr. Yang is only away for a
business trip and he always keeps in contact with the Company and the
management. He is back in Shenyang, PRC today. Besides, the Group has
not been investigated by relevant PRC government departments for suspicion
of illegal land use, tax evasion or insider dealing. Moreover, the
Group has not illegally used any land or committed any tax evasion. All
operations of the Group are in strict compliance with the Listing Rules of
the Stock Exchange of Hong Kong Limited, as well as the legal and
regulatory requirements of Hong Kong and PRC.
By order of the Board
Lam Pui Man
Director
12 July 2002"
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