[MAGNI] Notice of Interest of Substantial Shareholders - HOTEL RESORT ENTERPRISE SDN BHD on 07-Nov-2006

Highlights

Stock	[MAGNI]: MAGNI-TECH INDUSTRIES BHD
Announcement Date	07-Nov-2006

Name	HOTEL RESORT ENTERPRISE SDN BHD

Currency

Date of Change		Type	Number of Shares
	01-Nov-2006	Acquired	23,888,858

Nature of Interest	Deemed
Shares	Ordinary shares of RM1.00 each
Reason	1) Deemed interested by virtue of our interest in Berjaya Corporation Berhad, the ultimate holding company of B-Soutex - 22,535,009 shares allotted as consideration for the acquisition by MAGNI of the entire equity interest in South Island Garment Sdn Bhd from Dewangsa Holdings Sdn Bhd ("DHSB"), a 60% owned subsidiary of B-Soutex ("Proposed Acquisition") - 664,877 shares allotted as full settlement of the amount owing to B-Soutex which forms part of the Proposed Acquisition 2) Deemed Interested by virtue of our interest in Berjaya Corporation Berhad, the ultimate holding company of BGCL - 688,972 shares allotted as full settlement of the amount owing to BGCL which forms part of the Proposed Acquisition

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