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)
Extension for despatch of circular relating
to discloseable transaction
The Company will apply to the Stock Exchange for an extension
for the despatch of the circular in relation to its disposal
of interest in Genius Ideas to Hanny on or before 17th
December, 1999.
The directors of ITC Corporation Limited (the "Company")
refer to the joint announcement of the Company and Hanny
Holdings Limited ("Hanny") dated 9th November, 1999
("Announcement") in relation to, inter alia, the disposal of
interest in Genius Ideas Limited ("Genius Ideas") by the
Company to Hanny ("Disposal").
As set out in the Announcement, the Disposal constitutes a
discloseable transaction of the Company and a circular
containing further details of the Disposal is required to be
despatched to the shareholders of the Company by the Company
on or before 30th November, 1999 under the Rules Governing
the Listing of Securities on The Stock Exchange of Hong Kong
Limited ("Stock Exchange"). As additional time is required
for finalizing certain financial information to be included
into the circular, the Company will apply to the Stock
Exchange for an extension for the despatch of the circular on
or before 17th December, 1999.
By Order of the Board
Wong Lai Kin, Elsa
Company Secretary
Hong Kong, 29th November, 1999
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