VANDA SYSTEMS<00757> - Exceptional Price & Turnover Movements
The Stock Exchange has received a message from Vanda Systems &
Communications 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 increase in the trading volume and the decrease in price
of the shares of the Company today and wish to state that we are not aware
of any reasons for such changes.
Save in respect of the matters disclosed in the Company's announcement
dated 10 March 2004, we confirm that 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 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 Vanda Systems & Communications Holdings
Limited, directors of which individually and jointly accept responsibility
for the accuracy of this statement.
Loh Tiak Koon
Chief Executive Officer
11th March, 2004"
|