KWONG HING INTL<1131> - Announcement

The  Stock  Exchange of Hong Kong Limited takes no responsibility for
the  contents of this announcement, makes no representation as to its
accuracy  or  completeness  and  expressly disclaims any liability
whatsoever  for  any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.

Kwong Hing International Holdings (Bermuda) Limited
(the `Company')
(Incorporated in Bermuda with limited liability)

Announcement

The  Company  wishes  to:

1. state that it does not know the reasons  for  the  recent  increases in 
its share price and trading volume of its shares;

2. confirm  its  termination  of  the  negotiation  on the proposed
acquisition  of shares in a private company engaged in the business of
the provision of internet content in the Mainland of China; and

3. advise  that  it  does  not  have  any  other acquisition under
negotiation.

This  statement  is made at the request of The Stock Exchange of Hong
Kong Limited.

The  Company  notes  the  recent increases in the price and trading
volume  of the shares of the Company and wishes to state that it does
not aware of any reasons for such increases.

The  Company  refers to its preceding announcements dated 21st June,
6th July, 7th July and 15th September of 1999 respectively.

The  Company  confirms that it has terminated the negotiation on the
proposed  acquisition  of shares in a private company which holds and
operates  business  in  the  Mainland  of China in relation to the
provision  of  internet content. The Company further advises that at
the moment it does not have any other acquisition under
negotiation.

Save  as disclosed immediately above, the Company confirms that there
are  no  negotiations or agreements relating to intended acquisitions
or  realisations  which  are  discloseable under paragraph 3 of the
Listing  Agreement,  neither is the Board of the Company aware of any
matter  discloseable under the general obligation imposed by paragraph
2  of  the Listing Agreement, which is or may be of a price-sensitive
nature.

Persons  dealing  in  shares of the Company are reminded to exercise
due caution.

Made  by  the  order  of the Board of the Company, the directors of
which  individually and jointly accept responsibility for the accuracy
of this announcemen.

By order of the Board
Kwong Hing International Holdings (Bermuda) Limited
Li Man Ching
Chiarman

Hong Kong: 20th September, 1999