LUEN CHEONG TAI<01190> - Exceptional Price 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 price of the shares of the Company
on 30 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%
interest in Fortuna Group Limited, the winding up-petition, the unaudited
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
Hung Yat Ming
Company Secretary
Hong Kong, 30 July 2002"
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