RNS Number:5693K
Tanjong PLC
30 April 2003


TANJONG PUBLIC LIMITED COMPANY ("Tanjong" or "the Company")

- COMPULSORY ACQUISITION BY TANJONG ENERGY HOLDINGS SDN BHD ("TEH"), A
WHOLLY-OWNED SUBSIDIARY OF TANJONG OF ALL THE REMAINING ORDINARY SHARES OF
RM1.00 EACH OF POWERTEK BERHAD ("POWERTEK") ("POWERTEK SHARES") HELD BY THE
DISSENTING SHAREHOLDERS OF POWERTEK, SUBSEQUENT TO THE GENERAL OFFER ("OFFER")
BY COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD ("CIMB") ON BEHALF OF TEH



It was announced on 17 March 2003 that TEH had despatched the notice to the
dissenting shareholders of Powertek ("Notice") stating its desire to acquire the
ordinary shares of RM1.00 each in Powertek held by the said dissenting
shareholders together with a statutory declaration confirming that the
conditions for the sending of the Notice in accordance with the provisions of
Section 34 of the Securities Commission Act, 1993 ("SCA") have been satisfied.



Tanjong wishes to announce that TEH has, today, compulsorily acquired the
remaining Powertek Shares held by the dissenting shareholders of Powertek in
accordance with the provisions of the SCA.



TEH has remitted the amount of RM16,137,471 to Powertek on 29 April 2003 as
consideration for the compulsory acquisition of the Powertek Shares from the
dissenting shareholders.  Powertek in turn will make the relevant payment to the
aforesaid dissenting shareholders.



Accordingly, Powertek has become a wholly-owned subsidiary of TEH which in turn
is a wholly-owned subsidiary of Tanjong.



This announcement is dated 30 April 2003.








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