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8567  SALCON BHD

SALCON-Private Placement of 42,520,000 new ordinary shares of RM0.50 each

("Placement Shares") ("Placement")LISTING’S CIRCULAR NO. L/Q : 48655 OF 2008

Kindly be advised that SALCON’s additional 42,520,000 new ordinary shares of RM0.50 each, issued at RM1.09 per share, pursuant to the aforesaid Placement, will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 19 February 2008.

Salcon Bhd staged a technical breakout of intermediate-term downtrend yesterday. Its daily price trend closed at RM1.05, giving a day-on-day gain of 11.5 sen, or 12.30 per cent.

Chartwise, Salcon’s daily price trend fell from its intra-day high of RM1.30 on January 7 all the way down to its intra-day low of 89 sen on January 22, posting a total loss of 41 sen, or 31.54 per cent.

Its hourly price trend staged a technical breakout of overhead resistance (B1:B2) on January 11. Its hourly price trend closed at the day’s high of RM1.05.

Its daily fast MACD (moving average convergence/ divergence) continued to stay above its daily slow MACD yesterday. Both of its hourly fast and slow MACDs continued to stay above their respective neutral reference lines.

Salcon’s daily price trend is likely to stage a follow-through rebound.

The subject expressed above is based on technical analysis and opinions of ..