09:18     TAKSON HOLDINGS<00918> - Announcement (1)                           

    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.                   
                                                                              
    TAKSON HOLDINGS LIMITED                                                   
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 918)                                                         
                                                                              
    PROPOSED RIGHTS ISSUE                                                     
    On the Basis of One Rights Share For Every Five Existing Shares           
    Held by Qualifying Shareholders                                           
                                                                              
    Financial Adviser                                                         
    Centurion Corporate Finance Limited                                       
                                                                              
    The Company refers to its announcement dated 4th April, 2005 in respect   
    of the proposed Rights Issue and is pleased to announce that the Rights   
    Issue prospectus has been despatched today. The following unaudited pro   
    forma statement of adjusted consolidated net tangible assets of the       
    Group is set out in the prospectus.                                       
                                                                              
    The Company refers to its announcement dated 4th April, 2005              
    ("Announcement") in respect of the proposed Rights Issue and is pleased   
    to announce that the Rights Issue prospectus has been despatched today.   
    The following unaudited pro forma statement of adjusted consolidated net  
    tangible assets of the Group, which has not been published before, is     
    set out in the Rights Issue prospectus. Terms used herein shall have the  
    same meanings as those defined in the Announcement unless the context     
    otherwise requires.                                                       
                                                                              
    UNAUDITED PRO FORMA STATEMENT OF ADJUSTED CONSOLIDATED NET TANGIBLE       
    ASSETS OF THE GROUP                                                       
                                                                              
    The following unaudited pro forma statement of adjusted consolidated net  
    tangible assets of the Group is based on the unaudited consolidated net   
    assets of the Group as at 30th September, 2004, as shown in the           
    published "unaudited interim report of the Group for the six months to    
    30th September, 2004", and adjusted for the effect of the Rights Issue.   
    It has been compiled for illustrative purposes only, to provide the       
    Shareholders with information about the impact of the Rights Issue, and,  
    because of its nature, may not give a true picture of the financial       
    position or results of the Group.                                         
                                                                              
                                            Unaudited                         
                                            consolidated net                  
                    Unaudited                                                 
            Unaudited                                tangible assets          
                            pro forma                                         
            consolidated net                                 of the Group     
            Estimated                 adjusted                                
            assets of the                 Less                as at 30th      
            net proceeds                 consolidated                         
            Group as at 30th                 Intangible                       
    September,                 from the                 net tangible          
            September, 2004                assets                2004         
            Rights Issue                assets                                
            HK$'000                HK$'000                HK$'000             
    HK$'000                HK$'000                                            
                                                            (Note 1)          
                                                                              
            51,974                414                51,560                   
    7,190                58,750                                               
                                                                              
                                                                              
    Unaudited net                                                             
      tangible assets                                                         
      of the Group per                                                        
      Share (Note 2)                                        0.1324            
                    0.1257                                                    
                                                                              
                                                                              
    Notes:                                                                    
                                                                              
    1.        The estimated net proceeds from the issue of the Rights Shares  
    are based on the Subscription Price of HK$0.10 per Rights Share and       
    derived from after deducting the related expenses of approximately        
    HK$0.6 million.                                                           
                                                                              
    2.        The unaudited consolidated net tangible assets of the Group     
    per Share as at 30th September, 2004 is HK$0.1324 which is calculated     
    based on 389,500,000 Shares in issue as at 30th September, 2004.          
                                                                              
    The unaudited pro forma adjusted net tangible assets per Share is