Forum Archive Index - May 2002

["Richard Hooper" <hoop@ihug.co.nz>]

BIL has jumped up 16% on the Singapore exch starting around  4.00pm friday  to close at 53.5scents.

The reason is outlined in the exch query.

 

In response to a query today by the Singapore Exchange regarding the substantial increase in price and trading volume, BIL International Limited ("BIL") has advised that it is not aware of any material information which might have contributed to the increase in price and trading volume of its securities.

As previously stated, BIL is an active investment company and it would, in the ordinary course of its business, continually explore its strategic options and engage in discussions regarding
potential corporate transactions and opportunities, both over the near term and medium-to-long term, with respect to its assets and investments with a view to maximising shareholder value.

However, an investor has approached BIL and expressed an interest in making an investment in certain of BIL's assets. BIL understands that the same investor has also approached a
substantial shareholder to buy a block of BIL shares. At this stage, all discussions are preliminary and no agreement has been entered into.

BIL will make the relevant announcement in due course if and when there should be a concrete development.

Submitted by Jane Teah, Company Secretary on 24/05/2002 to the SGX.

The question is who is the Investor, and what asset or assets are they interested in ? 

 

 A shareprice rise on NZSE monday looks certain.

Cheers

Hoop