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 29 July 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% Fortuna Group Limited, the
winding up petition, the audited interim results for the six months ended
30 November 2001, further delay in interim results and exceptional volume
movement disclosed in the Company's announcements of 25 July 2002, 23 July
2002, 11 July 2002, 2 July 2002 respectively.
Save as disclosed 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
Vong Pak Cheong
Director
Hong Kong, 29 July 2002"
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