20 March 2000
| Type | Reply to query |
| Reply to Query Letter by KLSE reference ID | CY-000317-50637 |
| Subject | ARTICLE ENTITLED: "TELEKOM MALAYSIA BERHAD IN JOINT-VENTURE WITH THE GOVERNMENT TO INTEGRATE THE TELECOMMUNICATIONS NETWORK" |
"Telekom Malaysia Berhad will be awarded a contract by the Government for the implementation and management of the Government Integrated Telecommunications Network System through a joint-venture with Permodalan Nasional Berhad, the joint-venture company being GITN Sdn Bhd."
We wish to inform the Exchange that Telekom Malaysia Berhad ("TM") has on 29 January 1996 made an announcement to the Exchange regarding the signing of a joint venture agreement with Permodalan Nasional Berhad ("PNB") to implement the Government Integrated Telecomunications Network ("GITN") through a joint venture company which has been duly registered as GITN Sdn Bhd. TM holds 45% and PNB holds 55% of the total paid up capital of RM20 million in GITN Sdn Bhd. A copy of the TM's announcement and its press release dated 29 January 1996 is attached herewith for your easy reference.
We wish to clarify that the above statement appearing in the Nan Yang Siang Pau article was not an official statement made by TM or GITN Sdn Bhd. According to GITN Sdn Bhd, a signing ceremony is scheduled to be held on 20 March 2000 wherein some Government Agencies will enter into their respective network service contracts with GITN Sdn Bhd for the provision of network services by the latter.
The provision of network services to Government Agencies is in the ordinary course of business of GITN Sdn Bhd.
Thank you.
We refer to the above news article appearing on page 2, Nanyang Business
Section, Nanyang Siang Pau, on Friday, 17 March 2000, a copy of which is
enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which stated that Telekom Malaysia Berhad will be awarded a contract
by the Government for the implementation and management of the Government
Integrated Telecommunications Network system through a joint-venture with
Permodalan Nasional Berhad, the joint-venture company being GITN Sdn Bhd.
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported sentences after due and diligent
enquiry with all the directors, substantial shareholders and all such other
persons reasonably familiar with the matters about which the disclosure is to
be made in this respect. In the event you deny the above reported sentences,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above reported sentences, you
are required to set forth facts sufficient to support the same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
KUALA LUMPUR STOCK EXCHANGE
Lisa Lam
Senior Manager, Listing Operations
ASL/CY
c.c. Securities Commission
| Company Name | TELEKOM MALAYSIA BERHAD |
| Stock Name | TELEKOM |
| Date Announced | 20 Mar 2000 |
| Category | General Announcement |
| Reference No | TM-000320-48A03 |
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