SET Announcements
10 May 2005
Additional Clarification N0.2 Shares in TTW CO.LTD
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No. CK-05-0000-PO-L-0145
May 9, 2005
Subject: Additional Clarification No. 2 on Acquisition of
Shares in Thai Tap Water Supply Co., Ltd.
Attn: President of the Stock Exchange of Thailand
Reference is made to the fact that CH. Karnchang
Public Company Limited submitted an Additional Clarification on
Resolutions of the Board of Directors and Information Memorandum on
Acquisition of Shares in Thai Tap Water Supply Co., Ltd. The
Company hereby submits this Additional Clarification No. 2 as
follows:
1. In Item 1, regarding the establishment of the
Companys branch office in Lao Peoples Democratic Republic, the
Company hereby clarifies that such matter referred to only the
establishment of the Company branch office in Lao Peoples Democratic
Republic, while the registered and paid-up capital as notified
therein was the information of CH. Karnchang Public Company Limited.
2. In Item 4, regarding the approval for the
Company to sell and/or transfer the option to purchase ordinary
shares in Thai Tap Water Supply Co., Ltd. which might occur in the
future to other persons and/or legal entities, the Company hereby
further clarifies such Item as per the following:
Given the fact that the Company was searching for
strategic partners with the ability to support the business and to
serve as long-term investors, the search for strategic partners
might have progress within this year, in this regard, the approval
of the shareholders to sell such shares was sought ahead of schedule
and the Company would give notice to the shareholders and the Stock
Exchange, and comply with the regulations of the Stock Exchange
immediately once the search for strategic partners was completed.
The price of such sale shall not be lower than the agreed price of
purchase from the existing shareholders (Thames Water International
Services Ltd., Thames Water International (Thailand) Ltd., and
Thames Water Public Company Limited, all of which the parent
company is RWE Thames Water Public Company Limited, with its
primary business relating to the public utilities in the field of
energy and water supply, and the company profile is available at www.
rwe.com). As a result of the sale of such shares, the Company would
remain a majority shareholder, namely, the Company shall hold not
less than 51 percent of the registered capital in such company.
Furthermore, the Company would also promptly list such company on
the Stock Exchange.
Please be informed accordingly.
Very truly yours,
(Mr. Plew Trivisvavet)
Chief Executive Officer
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