ITC CORPORATION<00372> - Exceptional Price Movement
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 recent increase in the price of the ordinary shares of
the Company today and wish to state that, save as disclosed in the joint
announcement of the Company and Paul Y. - ITC Construction Holdings
Limited dated 25th October, 2002 ("Announcement"), we are not aware of any
reasons for such increase.
We also confirm that, save as disclosed in the Announcement, 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
Rosanna Chau
Managing Director
28th October, 2002"
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