SE ASIA PPT (00252.HK)  0.000 (0.000%)   announced that between January 7 and March 11, the Groups wholly-owned subsidiary, Shortcut, conducted five acquisitions of US Treasury bonds issued by the US Department of the Treasury on the open market, involving amounts of HKD5.9 million, HKD33.9 million, HKD34.1 million, HKD34.1 million and HKD34.2 million respectively.

The Group stated that following recent internal discussions regarding the potential for future acquisitions of Treasury bonds and a review of management accounts, management revisited the relevant transactions and sought advice from the Board and professional advisers regarding the implications under the Listing Rules. As a result, the Company is required to reclassify the previous acquisitions as transactions as defined under Chapter 14 of the Listing Rules.

The Company has conducted a comprehensive review of the Groups Treasury bond acquisitions and will continue to strengthen its internal control management. Specifically, the Company has enhanced communication, coordination and reporting arrangements among business departments regarding notifiable transactions, in order to closely monitor transaction amounts subject to Chapter 14 of the Listing Rules; the company secretarial department will continue to oversee and monitor ongoing compliance with the Listing Rules; the Company will continue to work closely with its legal advisers and compliance advisers on matters relating to compliance with the Listing Rules and, where appropriate and necessary, consult the Stock Exchange on the proper handling of any potential transactions; and the Company will arrange regular training on regulatory compliance matters relating to notifiable transactions.(sl/j)(HK stocks quote is delayed for at least 15 mins.)

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