ข่าวแจ้งตลาดหลักทรัพย์
02 มกราคม 2551
Additional Information on Loan Obligation BCI
(Translation)
No. CK-07-0000-AFD-L-0584
December 28, 2007
Re: Additional Information on Loan Obligation of Bangkok Concrete
Industries Co., Ltd.
Attn.: President
The Stock Exchange of Thailand
Reference: Letter of CH. Karnchang Public Company Limited No.
CK-07-0000-PO-L-0297 dated December 26, 2007
Reference is made to CH. Karnchang Public Company Limited's
notification of sales of ordinary shares in Bangkok Concrete Industries Co.,
Ltd. (subsidiary), "BCI", to Widen Holding Co., Ltd.
The Company hereby clarifies on additional information on BCI's loan
obligation to the Company as at December 27, 2007 regarding the transaction of
loan granted to subsidiary and accrued interest receivable amounting to Baht
122.24 Million (the principal amounting to Baht 111.41 Million and the
interest amounting to Baht 10.83 Million) and the transaction of accounts
receivable for sales of construction materials and others amounting to Baht
66.66 Million. The Company has been informed by Widen Holding Co., Ltd.,
currently a major shareholder of BCI, that at present BCI has an obligation
with a bank in a certain amount which is less than the value of BCI's existing
assets and it is able to repay the loan to the Company. In addition, should the
existing assets and the revenue derived from BCI's business operation jointly
invested with strategic partners be insufficient to make such repayment to the
Company, Widen Holding Co., Ltd. has issued and furnished to the
Company a letter of guarantee covering the total amount of such obligation on
December 25,2007, and also informed that it would proceed to have Bangkok
Concrete Industries Co., Ltd. make the partial repayment of the loan and the
transaction of accounts receivable for sales of construction materials in full
to the Company within June 30, 2009.
Please be informed accordingly.
Very truly yours,
(Mr. Prasert Marittanaporn)
Director and Executive Vice President
Accounting and Finance