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 increases in the price and trading volume of the shares
of the Company today.
The Company is in the process of negotiation to dispose of certain assets
but no agreement has been reached. Save and except the aforesaid, we wish
to state that we are not aware of other reasons for such increase.
We also confirm that save and except the aforesaid 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 ITC Corporation Limited the directors of
which individually and jointly accept responsibility for the accuracy of
this statement.
For and on behalf of
ITC Corporation Limited
Elsa Wong
Secretary
27th October, 1999"
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