ข่าวแจ้งตลาดหลักทรัพย์
10 พฤษภาคม 2548
Clarification on Development of Purchase Ordinary Shares TTW
=Translation=
No. CK-05-0000-PO-L-0147
May 9, 2005
Subject: Clarification on Development of Exercise of Option
to Purchase Ordinary Shares in Thai Tap Water Supply Co., Ltd.
from General Akradej Sasiprapa
Attn: President of the Stock Exchange of Thailand
Reference is made to the fact that CH. Karnchang
Public Company Limited notified the resolutions of the
Extraordinary General Meeting of Shareholders No. 1/2004, held on
December 21, 2004.
The Company hereby reports the development of Item 2,
regarding such resolution on approval for the Company to exercise
its option to purchase 10,499,997 ordinary shares in Thai Tap
Water Supply Co., Ltd. from General Akradej Sasiprapa,
representing 35 percent of the registered capital, at the price
of Baht 211.70 per share. Please be informed that the Company
has already made payment in full for exercise of the option to
purchase said shares, and General Akradej Sasiprapa has already
endorsed the relevant share certificates for transfer of such
shares to the Company. At present, the Company holds shares
representing 50 percent of the registered capital in such
company. The Company is now awaiting approval from the financial
institutions providing support to Thai Tap Water Supply Co.,
Ltd., under the conditions of the Common Terms Agreement. Upon
the financial institutions issuance of their letters of consent,
the Company shall further register change of the list of
shareholders with the Ministry of Commerce.
Please be informed accordingly.
Very truly yours,
(Mr. Plew Trivisvavet)
Chief Executive Officer
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