UDL HOLDINGS<0620> - 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.

UDL Holdings Limited
(incorporated in Bermuda with limited liability)

Recent increases in price and trading volume of the 
shares of the Company.

"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 the 
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."

By Order of the Board
UDL Holdings Limited
Leung Yat Tung
Chairman

Hong Kong, 7 January 2000