News Updates

Contents :

We refer to your letter dated 11 October 2000 pertaining to the matter above and are pleased to address your queries as follows:-

(1) The profit after tax of KHB based on its latest audited accounts as at 31 March 2000 amounted to RM30.1 million;

(2) There are no service contracts arrangement with any of the directors of OSK;

(3) There are no liabilities to be assumed by OSKS arising from the Proposed Acquisition;

(4) The information in relation to the original cost of investment to the Vendors for the entire issued and paid-up share capital in KHB as well as the date whereby such investments were made is not available at the time of this announcement; and

(5) The directors of and their respective shareholdings in Kim Eng Holdings Ltd are set out in Table 1 below.

Mrs Gloria Lee Kim Yew and Ronald Anthony Ooi Thean Yat are the only two (2) substantial shareholders of Kim Eng Holdings Ltd.

Directors	No. of Shares
Mrs Gloria Lee Kim Yew	45,891,770
Ronald Anthony Ooi Thean Yat	85,544,928
Lau Wai Kwok	5,215,696
Gee Gek Leng	300,000
Tan Sri Dr Maurice Baker	-
Gordon Seow Li-Ming	-
Wang Yu Huei	2,200
Professor Tan Teck Meng	25,000

Query Letter Contents :

We refer to the announcement dated 10 October 2000.
In this connection, kindly furnish the Exchange with the following additional
information for public release:
(1) The net profits of KHB based on the latest audited accounts.
(2) The details of any service contracts of proposed directors of OSK.
(3) Particulars of all liabilities to be assumed by OSKS, arising from the
Proposed Acquisition.
(4) The original cost of investment to the Vendors for the entire issued and
paid-up share
capital in KHB, and the date of such investment.
(5) Name of directors and substantial shareholders and their respective
shareholdings in Kim
Eng Holdings Ltd.


Kindly furnish the Exchange with your reply within two (2) market days from the
date hereof.

Yours faithfully,


Chong Fui Tzy
Manager, Listing Operations
HTH/TFM