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
ITC Corporation Limited has applied to the Stock Exchange for an
extension for the despatch of the circular in relation to its
acquisition of shares in Tung Fong Hung (Holdings) Limited from Hanny
Holdings Limited on or before 5th November, 1999.
As set out in the announcement of ITC dated 28th September, 1999,
the acquisition of shares in Tung Fong Hung from Hanny Holdings under
the exercise of a put option by Hanny Holdings constitutes a
discloseable transaction of ITC. As additional time is required for
the preparation of the circular, ITC has applied to the Stock
Exchange for an extension for the despatch of the circular on or
before 5th November, 1999.
By Order of the Board
Wong Lai Kin, Elsa
Company Secretary
Hong Kong, 20th October, 1999
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