SET Announcements
09 July 2010
Use of Additional Capital
= TRANSLATION =
Ref: CK-10-0000-PO-L-0051
July 7, 2010
Subject Use of Additional Capital
Attention President
The Stock Exchange of Thailand
Reference is made to the fact that CH. Karnchang Public Company
Limited received the money from warrant exercise of the existing shareholders,
directors and employees for the first time up to twelfth time totaled of
262,012,169 shares at the price of Baht 4.50 per share, which receiving share
value totaled of Baht 1,179,054,760.50.-
In this regard, the Company had already used the money to
reserve for the current capital in the Company's business operation for Baht
1,178,944,434.07 whereas remaining for its principal with interest of Baht
110,326.43 according to the Company's objective as informed in the Prospectus
on sale offer for warrant to purchase the ordinary shares.
Additionally, the Company had received the money of its
additional capital shares from selling additional capital of ordinary shares
to the existing shareholders and the limited persons totaling for 206,573,167
shares at the price of Baht 5.34 per share and receiving of Baht
1,103,100,711.78 in total. As the Company had already used the money to expand
its business and to be the current capital of the Company for Baht
1,099,830,385.92 whereas remaining of the capital and its interest of Baht
3,270,325.86 according to the Company's objectives.
Hence, kindly please be informed accordingly.
Very truly yours,
=signature=
(Mr. Vorapote Uchupaiboonvong)
Executive Vice President
Accounting and Finance