ANNOUNCEMENTS

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.

 

ANNOUNCEMENT

The Directors of Guoco Group Limited (the "Company") have noted the announcement dated 23rd October, 1998 issued by Guoline Overseas Limited ("GOL"), an indirect wholly-owned subsidiary of Hong Leong Company (Malaysia) Berhad. GOL is the largest shareholder holding approximately 31.37 per cent. of the issued shares of the Company.

The Directors wish to advise that the Company has received no approach from GOL in relation to a proposed offer for the shares in the Company not already owned by GOL and its concert parties. Shareholders should note that it is at the entire discretion of GOL whether or not to proceed with the general offer. In view of press speculation, the Company has contacted GOL and was given to understand that it is GOL 's current intention to maintain the listing status of the Company if it proceeds with the general offer.

Apart from the above, the Directors are not aware of other matters that are price-sensitive in nature, or require disclosure under paragraph 2 of the listing agreement.

Accordingly, the Directors wish to advise shareholders in the Company and investors that caution should be exercised in taking any action in relation to the shares in the Company.

 

By Order of the Board
Doris W. N. Wong
Company Secretary

Hong Kong, 26th October, 1998

 

The Directors of the Company (except Mr. Sat Pal Khattar who cannot be contacted at the time of issuance of this announcement) jointly and severally accept full responsibility for the accuracy of the information contained herein and confirm, having made all reasonable enquiries, that, to the best of their knowledge, the opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statement herein misleading.