SECURITIES (DISCLOSURE OF INTERESTS) DAILY SUMMARIES - GEM                                              PRINTED: 07/04/00  PAGE:   1
                                                                                SUBSTANTIAL SHAREHOLDERS' NOTIFICATIONS REPORT

STOCK NAME :  iMerchants                     (8009)         * ISC as at 05/04/00 :       1,180,006,000

Name of Sub. Shareholder   Date     Reason    Present Bal.     Previous Bal.             Share Jointly Held                          Corporate Interest                          Family Interest
------------------------ -------- ---------- ---------------  ---------------  -----------------------------------------  -----------------------------------------  -----------------------------------------
ASIAN GOLD ASSOCIATES L- 31/03/00 2              720,745,000             N.A.                                                                                                                  
IMITED                                                                                                                                                               

GALAFACE LIMITED         31/03/00 2              720,745,000             N.A.                                             ASIAN GOLD ASSOCIATES L-      720,745,000                            
                                                                                                                          TD                                         

KUNG LIN YUEN LEROY      31/03/00 2              720,745,000             N.A.                                             ASIAN GOLD ASSOCIATES L-      720,745,000                            
                                                                                                                          TD                                         

iMERCHANTS GROUP LIMITE- 31/03/00 2              720,745,000             N.A.                                             ASIAN GOLD ASSOCIATES L-      720,745,000                            
D                                                                                                                         TD                                         


                    * ISC refers to the latest Issued Share Capital of the listed company recorded by the Exchange as at the date of this summaries.  It might not promptly reflect 
                      changes caused by share placements, rights issue, bonus issue, etc.  Readers should exercise caution when using these figures.

                                                                                         *****  END OF REPORT  *****