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.
 DAO HENG BANK GROUP LIMITED (Incorporated in Bermuda with limited liability) |
 GUOCO GROUP LIMITED (Incorporated in Bermuda with limited liability) |
JOINT ANNOUNCEMENT
Clarification of recent newspaper articles regarding acquisition of shares in Dao Heng Bank Group Limited and group re-structuring.
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The Directors of Guoco Group Limited ("GGL") and Dao Heng Bank Group Limited ("DHBG") wish to clarify that neither GGL nor DHBG is currently engaged in any negotiation nor has entered into any agreements with any parties in relation to the following:
(1) any acquisition of shares in DHBG; and
(2) any acquisition of GGL's financial services business by DHBG or any other group re-structuring.
The Directors of GGL and DHBG confirm that there are no negotiations or agreements relating to intended acquisitions or realizations which are discloseable under paragraph 3 of the Listing Agreement, and they are not 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.
The Directors of GGL and DHBG wish to advise shareholders and investors to exercise caution in the dealing in the shares of GGL and DHBG.
By Order of the Board
Doris W.N. Wong
Group Company Secretary
Hong Kong, 18th October, 2000
Please also refer to the published version of this announcement in South China Morning Post and Hong Kong Economic Journal.