ITC CORPORATION<0372> - Announcement
The Stock Exchange of Hong Kong Limited takes no responsibility for
the contents of this announcement, makes no representation as to its
accuracy or completeness and expressly disclaims any liability
whatsoever for any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.
itc corporation limited
(Incorporated in Bermuda with limited liability)
Announcement
Further announcement in relation to the joint announcement dated
6th September, 1999 and the announcement dated 15th September,
1999.
The board of directors (the `Board') of ITC Corporation Limited (the
`Company') wishes to state that further to the joint announcement
dated 6th September, 1999 and the announcement dated 15th September,
1999, it is the understanding of the Board that negotiation with an
independent third party is at a final stage on a possible investment
in Star East Information Technology Corp., a 47.8% beneficially owned
associated company of the Company. However, the Board wishes to
inform shareholders that this transaction may or may not be
implemented as the final terms of the transaction have not been
agreed by the parties. Therefore, investors and potential investors
are advised to exercise extreme caution in dealing in the securities
of the Company. Further announcement will be made by the Company to
update the shareholders if there is any material development.
By Order of the Board Rosanna
Chau Mei Wah Managing
Director
Hong Kong, 20th September, 1999
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