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 decrease 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 Corporation Holdings
Limited dated 16th December, 2003 and the announcements of the Company
dated 19th December, 2003 (togother the "Announcement"), we are not aware
of any reasons for such decrease.
We also confirm that, save as disclosed in the Announcements, 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
24th December 2003"
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