We wish to inform the Kuala Lumpur Stock Exchange that PacificMas
Fidelity Sdn Bhd (formerly known as Konsortium Insurans Sdn
Bhd), a wholly-owned subsidiary of PacificMas Berhad, has on
1 November 2002 purchased units of unit trust funds managed
by Pacific Mutual Fund Bhd ("Pacific Mutual") for
investment purpose. Please refer to the following table for
the details of the unit trust purchase by PacificMas Fidelity
Sdn Bhd. |
| Pacific Mutual is a subsidiary of PacificMas
Berhad. The principal business activities of Pacific Mutual
are establishment and management of unit trust funds and PacificMas
Fidelity Sdn Bhd is an investment holding company. |
| Mr. Choi Siew Hong is a director of
PacificMas Berhad, PacificMas Fidelity Sdn Bhd and Pacific Mutual,
whilst Tan Sri Dato' Wong Kum Choon and Datuk Fong Weng Phak
are directors of PacificMas Berhad and Pacific Mutual. Mr. Choi
has a total interest of 0.12% in PacificMas Berhad. |
| Koperasi Angkatan Tentera Malaysia Berhad
is a substantial shareholder of PacificMas Berhad and Pacific
Mutual. |
| Saved as disclosed above, 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. |
| The abovesaid transaction is not subject
to the approval of the shareholders and the relevant government
authorities. |
| |
| Name of Fund |
Price per unit (RM) |
Total Consideration
(RM) |
| Pacific Dana Aman |
0.4985 |
250,000 |
| Pacific Millennium Fund |
0.5083 |
250,000 |
|
| |
| This announcement is dated 12 November 2002. |
| |
