SET Announcements

SET Announcements

31 July 1997

REPORTS ON OUTLAY OF PROCEEDS

Ch. Karnchang Plc. (CK) reported the outlay of increasing capital as follows: 1. The company revealed the expenses of raising capital via selling capital increase common shares of Bt2,226 million as below: Objectives Amount Amount Amount Amount of unveiled spent ended spent during remainders at in prospectus 31/12/96 1/01/97-30/06/97 30/06/97 A. To use as working capital for constructing infrastructures and building projects which are expanding and in the process 950,000,000 950,000,000 - - B. To purchase durable assets including equipments, tools, machineries. 950,000,000 677,614,489 89,930,469 182,455,042 C.To repay loans for restruc- turing debt to secure liquidity 300,000,000 300,000,000 - - D. To expand and improve the capicity of machinery and equipment for more- efficient process data 26,000,000 26,000,000 - - Totalling the spent capital ended July 30,97 2,226,000,000 1,953,614,489 89,930,469 182,455,042 2.Outlay of proceeds valued Bt700 m gained from offering capital- increase shares on right issue as follows: Objectives Amount Amount Amount Amount of unveiled spent ended spent during remainders at in prospectus 31/12/96 1/01/97-30/06/97 30/06/97 -construction expressway 500,000,000 50,000,000 100,000,000 350,000,000 trailing Bangna-Bangpli- Bangpakong (JV.BBCD) -working capital 200,000,000 200,000,000 - - Total amout ended Jun 30,97 700,000,000 250,000,000 100,000,000 350,000,000