SHUN CHEONG<0650> - Exceptional Price Movement
The Stock Exchange has received a message from Shun Cheong Holdings
Limited which is reproduced as follows:-
"This statement is made at the request of The Stock Exchange of Hong Kong
We have noted the today's increase in the price of the shares of the
Company and wish to state that we are not aware of any reasons for such
We also confirm that 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 the Company, the directors of which
individually and jointly accept responsibility for the accuracy of this
Roger K C Ou
22 November, 1999"