ITC CORPORATION<0372> - Suspension of Trading
At the request of ITC Corporation Limited ("ITC"), trading in its
securities will be suspended with effect from 10:00 a.m. today (19/8/1999)
pending the publication of an announcement in relation to, amongst
other things, a proposed issue of new shares by Star East Information
Technology Corp. ("Star East Information") which is 62% beneficially
owned ITC, shortly. In addition, an independent third party subscribing
for new shares in Star East Information is expected to be granted an
option by existing shareholders of Star East Information, including ITC
through its wholly owned subsidiary, to acquire a further 10% of the
enlarged share capital of Star East Information.
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