CHEVALIER CONS<00579> - Exceptional Turnover Movement
The Stock Exchange has received a message from Chevalier Construction
Holdings Limited which is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
Limited.
We have noted the recent increase in the trading volume of the
shares of the Company and wish to state that we are not aware of any
reasons for such increase.
We also confirm that, save as disclosed in the announcement jointly made
by the Company and Chevalier International Holdings Limited ("CIHL") dated
31st October, 2003 in relation to the proposed privatisation of the
Company by CIHL by way of scheme of arrangement at a cancellation price of
HK$0.25 per Share held by shareholders of the Company other than CIHL,
there are no negotiations or agreements relating to intended acquisitions
or realisations which are discloseable under paragraph 3 of the Listing
Agreement, neither is the board of directors of the Company 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.
Made by the order of the Board of the Company the directors of which
individually and jointly accept responsibility for the accuracy of this
statement and confirm, having made all reasonable enquiries, that to the
best of their knowledge, opinions expressed in this statement have been
arrived at after due and careful consideration and there are no other
facts not contained in this statement, the omission of which would make
this statement misleading.
For and on behalf of
CHEVALIER CONSTRUCTION HOLDINGS LIMITED
Kan Ka Hon
Company Secretary
4 November, 2003"
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