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 the price and the trading volume of the
shares of the Company today and wish to state that we received a
notification from a substantial shareholder of the Company previously
holding 321,192,993 shares representing 38.2% of the existing issued share
capital of the Company had increased its shareholding in the Company to
325,992,993 shares representing 38.8% of the existing issued share capital
of the Company as at 15 March 2000.
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
15th March, 2000"
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