Jasa Kita eyes bigger market share as smaller firms cease ops

JASA KITA BERHAD

TypeReply to query
Reply to Query Letter by KLSE reference IDKA-010906-33172
SubjectJasa Kita eyes bigger market share as smaller firms cease ops

Contents :

We wish to clarify that the target of increasing turnover by 5% is only an objective of the Group and is not a forecast of the Group turnover for this year. The above was based on our assessment of current economic situation and our sales efforts. There is however no guarantee that the objective can be met. The said objective has not been reviewed by auditors.

c.c. Securities Commission

Query Letter Contents :


We refer to the above article appearing in the Star, Business Section, page 4,
on Thursday, 6 September 2001, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence
which is reproduced as follows:
"He added that the group was targeting an overall increase of 5% in turnover
this year based on the current economic situation."
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 sentence 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 sentence 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 sentence or
any other part of the above article, you are required to set forth facts
sufficient to support the same, including the relevant basis and assumptions in
arriving at the above forecast. In this respect, you are also required to
confirm whether the accounting bases, calculations and assumptions have been
reviewed by the external auditors.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
KUALA LUMPUR STOCK EXCHANGE

TAN YEW ENG
Senior Manager, Listing Operations
TYE/ASL/KRISH
Copy to: Securities Commission (via fax)


Announcement Info

Company NameJASA KITA BERHAD  
Stock Name JASKITA    
Date Announced7 Sept 2001  
CategoryGeneral Announcement
Reference NoCM-010704-77DDB