HWGB

0.110

-0.005 (-4.3%)

Article Entitled: "Malaysian digital bank forges partnership with UK-based lender"

HO WAH GENTING BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-09102020-00002
Subject Article Entitled: "Malaysian digital bank forges partnership with UK-based lender"
Description
Clarification on Article entitled: "Malaysian digital bank forges partnership with UK-based lender"
Query Letter Contents

We refer to the above article appearing in New Straits Times, Page 28, on Friday,9 October 2020, a copy of which is enclosed for you reference.
In particular, we would like to draw your attention to the underlined sentence(s) which is/are reproduced as follows :-
       
(a) "Digital Investment Bank Ho Wah Genting Investment Bank has inked a partnership with Nevis International Bank & Trust, a fully-regulated banking group with a deep British heritage"
In accordance with Bursa Securities' Corporate Disclosure Policy, kindly furnish Bursa Securities with an announcement for public release confirming or denying the above reported article in particular the underlined sentences after due and diligent enquiry with all the directors, major sharesholders and all such other person reasonably familiar with the matters about which the disclosure is to made in this respect. In the event you deny the above reported sentences or any other part of the article, you are required to set forth facts sufficient to support the same.

Please furnish Bursa Securities with your reply via Bursa Link soonest possible.

 

Yours faithfully,

Listing

Regulation
 

Cc : Market Surveillance Dept. , Securities Commission (via fax)

We refer to the article appearing in New Straits Times, page 28, on Friday, 9 October 2020.

 

After clarification sought with the founder of HWGB, the Board of Directors of Ho Wah Genting Berhad (“HWGB”) wishes to clarify that:

  1. Ho Wah Genting Investment Bank as referred to in the Article is Ho Wah Genting Investment Bank (Labuan) P.L.C., an investment bank incorporated in Labuan (“HWIB”);
  2. HWIB is not a subsidiary nor an associate company of HWGB; and
  3. HWIB is a privately held venture related to the founder of HWGB.

This announcement is dated 9 October 2020.





Announcement Info

Company Name HO WAH GENTING BERHAD
Stock Name HWGB
Date Announced 09 Oct 2020
Category General Announcement for PLC
Reference Number GA1-09102020-00114