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
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