| |
| We wish to inform the Bursa Malaysia Securities Berhad that on 15 November 2005, PacificMas Berhad purchased 769,230.77 units of Pacific Dividend Fund at RM0.5200 per unit for a total cash consideration of RM400,000 for investment purpose. |
| Pacific Dividend Fund is a unit trust fund managed by Pacific Mutual Fund Bhd
("Pacific Mutual"), a subsidiary of PacificMas Berhad. The principal business activities of Pacific Mutual are establishment and management of unit trust funds. The principal business activities of PacificMas Berhad are investment holding and provision of management services to companies within the Group. |
| None of the directors and substantial shareholders of PacificMas Berhad and persons connected to such directors and substantial shareholders has any interest in the abovesaid transaction save for the following: - |
| i) Mr. Choi Siew Hong is a director of PacificMas Berhad and Pacific Mutual. He has a direct interest of 0.12% in the share capital of PacificMas Berhad. |
| ii) Y. Bhg. Tan Sri Dato' Wong Kum Choon is a director of PacificMas Berhad and Pacific Mutual. He does not have any interest in the share capital of PacificMas Berhad and Pacific Mutual. |
| iii) Koperasi Angkatan Tentera Malaysia Berhad is a substantial shareholder of PacificMas Berhad and Pacific Mutual. |
| The abovesaid transaction is not subject to the approval of the shareholders and the relevant government authorities. |
| |
| This announcement is dated 16 November 2005. |
| |
