WK Securities given two weeks to merge or be acquired

Kuala Lumpur, 2 June 1998

The Securities Commission ("SC") has directed the Kuala Lumpur Stock Exchange ("KLSE") to inform WK Securities Sdn Bhd ("WK Securities") that it is given two weeks to submit and effect an agreement in principle for a corporate restructuring exercise in the form of a merger or acquisition with a third party which the SC and KLSE deem fit.

WK Securities was placed under trading restrictions by KLSE on 1 April 1998 and was given until 1 June to take the necessary steps to regularise its financial position.

SECURITIES COMMISSION MALAYSIA

Issued on behalf of the Securities Commission. For assistance, please contact the Corporate Affairs Department at tel. no. 2507550 (Nafizah Omar), 2507513 (Ann Teoh) or 2597184 (Sarina Ariffin) or fax no. 2536184

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The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

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