WAH NAM GROUP LIMITED (STOCK CODE 159)

The Exchange has received a notification from Wah Nam Group Limited ("Wah
Nam Group") pursuant to Section 20 of the Securities (Disclosure of
Interests) Ordinance ("SDIO") reporting the findings of an investigation
conducted by Mr. Desmond Chung Seng Chiong and Ferrier Hodgson Certified
Public Accountants as Joint and Several Liquidators of Wah Nam Group by
order of the High Court of Hong Kong Special Administrative Region pursuant
to Section 18 of the SDIO.  The parties reporting share interests in Wah
Nam Group are listed below with their corresponding interests:-

CCASS                                NAME OF PERSONS
PARTICIPANT                          HAVING INTERESTS        SHARES 
NAME          NUMBER OF SHARES       IN SUCH SHARES          HELD AS OF

-                14,671,318          Richards Butler         5 June 2001
                                     (on behalf of Dr
                                     Paul Yong Min Hian)

-                15,882,000          Fraser Securities       11 June 2001
                                     Pte Ltd. (on behalf
                                     of Foo Sam Ming)

-                 1,000,000          Wong Kee Hong           20 June 2001

-                46,349,415          Online Credit Limited   21 June 2001