SET Announcements
29 January 1998
The use of funds from capital increase
Ref. CK.009/018/41
January 28, 1998
Subject : The use of funds from capital increase
Attention : President
The Stock Exchange of Thailand
1) We are pleased to inform you the use of funds from Public offering of the additional
ordinary shares in the amount of baht 2,226 million as follows:
Amount disclosed Amount used Amount used Remaining
Objective in prospectus as at 31/12/97 in the period of balance as at
1/01/97-31/12/97 31/12/97
A. Working capital for 950,000,000 950,000,000 - -
construction of public utilities,
infrastructure and other
construction projects during
operation,and extension
work in the future.
B. Purchase of fixed assets, 950,000,000 677,614,489 130,367,200 142,018,311
consisting of equipment
and machinery for company
operation.
C. Loan repayment to restructure 300,000,000 300,000,000 - -
debt and equity in a suitable
proportion for financial liquidity.
D. Improve and expand the 26,000,000 26,000,000 - -
capability of machinery to increase
data processing efficiency.
Total funds used as at
December 31,1997 2,226,000,000 1,953,614,489 130,367,200 142,018,311
2) We are pleased to inform you the use of funds from right offering of the additional ordinary
shares in the amount of baht 700 million as follows:
Amount disclosed Amount used Amount used Remaining
Objective in prospectus as at 31/12/97 in the period of balance as at
1/01/97-31/12/97 31/12/97
A. For investment in the construction 500,000,000 50,000,000 400,000,000 50,000,000
of the Bangna-Bangplee-BangPakong
Expressway.
B. For company working capital 200,000,000 200,000,000 - -
Total funds used as at December 31,1997 700,000,000 250,000,000 400,000,000 50,000,000
For your information,
Sincerely yours,
( Mr. Prasert Marittanaporn )
Senior Vice President Accounting and Finance
