ITC CORPORATION<0372> - Exceptional Price & Turnover Movements
The Stock Exchange has received a message from ITC Corporation 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 increases in the price and volume of the shares
of the Company.
The board of directors has been approached by a placing agent for a
placement this morning. However, the terms of the placement are still in
negotiation and have not yet been finalised. Therefore, the placement may
or may not proceed. Shareholders and investors are advised to exercise
caution when dealing in the shares of the Company.
Save as the above, we wish to state that we are not aware of other reasons
for such increase.
We also 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
other 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 ITC Corporation Limited the directors of
which jointly accept responsibility for the accuracy of this statement.
For and on behalf of
ITC CORPORATION LIMITED
Lau Ko Yuen, Tom
Deputy Chairman
22nd April, 1999"
|