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[sharechat] ITC - Exo-net expansion

From:	"Osbert Sun" <osbert.sun@xtra.co.nz>
Date:	Mon, 27 Mar 2000 14:47:27 +1200

The expansion of Exo-net, 35% owned by ITC, to Sydney and Singapore with $1 million capital injection by the two newly-appointed management teams, should be viewed as a postive step adding to the values of ITC investments. Yes ITC had a bumpy ride last week due to large sell-outs by some investors. However, the market stand of S.C.I has to mean something to the existing shareholders of ITC. I do see that at the current level, ITC shares are attractively-priced.

Kind regards,

Osbert Sun

(Disclousre of interests: bought 15K this morning @65c)

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