| Type | Reply to query |
| Reply to Query Letter by KLSE reference ID | ZO-000830-41571 |
| Subject | ARTICLE ENTITLED: "Downsizing to be done in proper way" |
We wish to inform the Exchange that statements made by the Company's Chief Executive, Dr Md Khir Abdul Rahman, were inaccurately quoted in the following sentences appearing in the Business Times, Companies and Markets section on Wednesday, 30 August 2000:
"Meanwhile, Mohd Khir said the company may go to the capital market by the year-end for the purpose of refinancing its borrowings. It is believed the company will sell bonds worth between US$300 million and US$400 million (US$1=RM3.70)."
We wish to clarify to the Exchange that the Company is continously exploring various opportunities to refinance its existing borrowings. At this stage, the Company is still evaluating alternative financing plans for its loan portfolio.
Thank you.
We refer to the above news article appearing in the Business Times, Companies
and Markets section, cover page , on Wednesday, 30 August 2000, a copy of which
is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentences
which are reproduced as follows:-
"Meanwhile, Mohd Khir said the company may go to the capital market by the
year-end for the purpose of refinancing its borrowings. It is believed the
company will sell bonds worth between US$300 million and US$400 million
(US$1=RM3.80)."
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 article and in particular the
underlined 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 sentences or any other part of the above reported
article, you are required to set forth facts sufficient to clarify any
misleading aspects of the same. In the event you confirm the above sentences or
any other part of the above reported article, 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
LISA LAM
Senior Manager, Listing Operations
LL/ASL/ZOOS
c.c. Securities Commission (via fax)
| Company Name | TELEKOM MALAYSIA BERHAD |
| Stock Name | TELEKOM |
| Date Announced | 1 Sept 2000 |
| Category | General Announcement |
| Reference No | TM-000901-201A7 |