ASIA ALLIANCE<00616> - Exceptional Price Movement
The Stock Exchange has received a message from Asia Alliance Holdings
Limited which is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
Limited.
We have noted the recent decreases in the price of the shares of the
Company and wish to state that we are not aware of any reasons for such
decreases.
We also confirm that save for the announcement dated 12 January 2004 in
respect of the proposals on reduction of issued share capital and
subdivision of unissued share capital, increase in authorised share
capital, rights issue on the basis of five rights shares for every one
share held and general mandate to issue new shares and repurchase shares,
there are no negotiations or agreements relating to intended acquisitions
or realisations which are discloseable under paragraph 3 of the Listing
Agreement, neither is the Board aware of any matter discloseable under the
general obligation imposed by paragraph 2 of the Listing Agreement, which
is or may be of a price-sensitive nature.
Made by the order of the Board of Asia Alliance Holdings Limited the
directors of which individually and jointly accept responsibility for the
accuracy of this statement.
For and on behalf of
Asia Alliance Holdings Limited
Tsang Yiu Kai
Executive Director
14 January 2004"
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