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| We wish to inform the Bursa Malaysia Securities Berhad that on 26 May 2005, PacificMas Berhad purchased 985,415.85 units of Pacific Dividend Fund at RM0.5074 per unit for a total consideration of RM500,000 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 activity of PacificMas Berhad is investment holding.
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| 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. |
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| This announcement is dated 27 May 2005. |
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