UDL HOLDINGS<0620>-Exceptional Price & Turnover Movements
The Stock Exchange has received a message from UDL Holdings Limited which
is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
Limited.
We had noted the increase in today's price and increases in the price
and the trading volume of the shares of the Company on 6 January 2000
and wish to state that after the close of business on 6 January 2000,
we received a notification from a substantial shareholder
of the Company previously holding 170,000,000 shares representing
20.2% of the existing issued share capital of the Company had decreased
its shareholding in the Company to 115,103,000 shares representing
13.7% of the existing issued share capital of the Company as at 6 January
2000.
Except as aforesaid, we also confirm that 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 UDL Holdings Limited, the directors of
which individually and jointly accept responsibility for the accuracy of
this statement.
For and on behalf of
UDL Holdings Limited
Leung Yat Tung
Chairman
7 January 2000"
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