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 the price and trading volume of its shares;

2.      refer to the report appeared on Apple Daily today about the 
possibility of the Company to conduct rights issue;

3.      advise that it is in very preliminary discussions with financial 
intermediaries to explore the possibility of equity fund raising 
activities excluding rights issue.

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

The Company refers to the report appeared on Apple Daily today about the 
possibility of the Company to conduct rights issue.

The Company notes the recent increases in the price and trading volume of 
its shares and wishes to state that it is not aware of any reasons for 
such increases save it was approached by financial intermediaries at about 
4:30 p.m. today to engage in very preliminary discussions to explore the 
possibility of equity fund raising activities excluding rights issue. No 
agreement has yet been reached at this stage. Terms of any fund raising 
exercises will be announced if and when they are finalised. As such, the 
fund raising exercises may or may not proceed.

Save as disclosed immediately above, the Company confirms that there are 
no negotiations or agreements relating to any 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 
announcement.

By order of the Board
Kwong Hing International Holdings (Bermuda) Limited
Li Mei Lin
Deputy Chairman

Hong Kong, 9th December, 1999