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)
ANNOUNCEMENT
The directors noted the recent decrease in the share price
of the shares of the Company saved as the Change in
Shareholding of Substantial Shareholder of the Company, the
directors are not aware of any reasons for such decrease.
"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 shares
of the Company and wish to state that we are not aware of
any reasons for such decrease except the following:*
We wish to state that after the close of business on 10th
February, 2000, we received a notification from a
substantial shareholder of the Company previously holding
115,103,000 shares representing 13.7% of the existing issued
share capital of the Company had decreased its shareholding
in the Company to 91,000,000 shares representing 10.8% of
the existing issued share capital of the Company as at 10th
February, 2000. We also confirm that there is no impact on
the operations of the Company.
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, 11 February 2000
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