Statement re Suspension

Hidong Estate PLC
20 September 2000



Reverse Takeover and Suspension of dealings


The directors of Hidong Estate PLC ('Hidong') announce that they are
contemplating a substantial acquisition.  The proposed acquisition is
classified as a Reverse Takeover under the Listing Rules, accordingly dealings
in Hidong shares on the London Stock Exchange will be suspended pending the
publication of a circular to Hidong Shareholders.

A further announcement will be made in due course.

Enquiries:

Mr Chew Sing Guan (Chairman)                            Tel: [phone]   
   

David Floyd, Sandy Jamieson                            Tel: [phone]
Dawnay, Day Corporate Finance Ltd