ข่าวแจ้งตลาดหลักทรัพย์
03 มิถุนายน 2551
Loan Repayment (Added RY's Progress Of the Project)
= Translation =
Ref: CK-08-000-AFD-L-0127
3 June 2008
Subject: Declaration of Progress of Loans and Interest Repayment
(Additional Progress of Rayong Real Estate Company Limited "RY")
Attention:President
The Stock Exchange of Thailand
Ref: 1) The Company's Letter No.CK-07-0000-AFD-L-0226 dated 25 April 2007
2) The Company's Letter No.CK-07-0000-AFD-L-0164 dated 29 May 2007
3) The Company's Letter No.CK-07-0000-AFD-L-0297 dated 27 December 2007
4) The Company's Letter No.CK-07-0000-AFD-L-0584 dated 28 December 2007
Reference is made to the fact that CH.Karnchang Public Company Limited
"Company" has issued a declaration letter of the additional information of the
consolidated financial statements ended 31 December 2006 on loans in item
11(in proportion to the company's interest in the joint- venture) of the Notes
to Consolidated Financial Statements of the Company as followed.
1) Joint Venture CKAE Consortium as planned to receive a totaled
loans repayment within no later than 31 December 2008.
Unit : Million Baht
Best Plan Modern Construction
Technology Co., Ltd. Material Co., Ltd.
Principal Interest Principal Interest
First loan 24.5 - 24.5 -
Loans during first
loan-end of 2006 239.7 84.7 423.1 148.1
Receivable repayment during
first loan-end of 2006 (54.5) (19.8) (55.6) (90.9)
Balance as of
31 December 2006 209.7 64.9 392.0 57.2
Interest during the period
January to December 2007 - 45.6 - 70.3
Repayment during the period
January to December 2007 - 65.3 (379.9) (127.5)
Balance as of
31 December 2007 209.7 45.2 12.1 -
Unit : Million Baht
Best Plan Modern Construction
Technology Co., Ltd. Material Co., Ltd.
Principal Interest Principal Interest
Interest during the period
January to March 2008 - 4.9 - 0.3
Repayment during the period
January to March 2008 - (3.9) (.76) (0.2)
Balance as of 31 March 2008 209.7 46.2 11.3 0.1
2) Joint Venture CKET Consortium as planned will receive at least a half
of loans repayment within no later than 31 December 2008 and the rest will be
paid totally within 30 June 2009.
Rayong Real Private Inter
Estate Co., Ltd Construction Co., Ltd.
Principal Interest Principal Interest
First loan 152.0 - 160.0 -
Loans during first loan-end
of 2006 1,048.0 231.9 44.0 29.9
Receivable repayment during
first loan-end of 2006 (79.1) (25.6) (60.6) (12.1)
Balance as of 31 December 2006 1,120.9 206.3 143.4 17.8
Interest during the period
January to December 2007 - 143.5 - 18.3
Repayment during the period
January to December 2007 - (185.0) (0.7) (34.0)
Balance as of 31 December 2007 1,120.9 164.8 142.7 2.1
Interest during the period
January to March 2008 - 23.4 - 2.9
Repayment during the period
January to March 2008 - - - -
Balance as of 31 March 2008 1,120.9 188.2 142.7 5.0
Moreover, Rayong Real Estate Company Limited "RY" has already informed
of its progress of the operation for RY's immovable property development
project named Wangjuntr Golf Park project which located at 129 Moo 6 Tambol Pa
Yoob Nai, Amphur Wang Chan, Ra-Yong Province. This project has planned to
develop to be a golf course with 54 holes divided into 3 phases including club
house as well as lodging and resort of which to be sold for members and also
sell some parts of land in the future. However, as the public utility
development plan approaching to the government sector has not yet reached its
target, such development therefore has been delayed and enable the project to
be not completed entirely. At present, this project has been in the process
for the specialist to have a course test for some parts especially Phase I and
Phase II zones of golf course as to prepare for its readiness and must take
some time for an official opening for the whole project. Consequently, the
land development procedure in construction of Golf Course, Resort, Golf Club
and immovable property development of the premium grade have been sold out of
those buildings which have been already completed approximately 33 %. However,
there have not yet had any income from the golf course development at present.
3) As the Company has already informed to sell the ordinary shares
of Bangkok Concrete Industry Company Limited (Subsidiary) "BCI" to Widen
Holding Company Limited as referred to 3), However, the Company expects to
receive a repayment completed within June 2009 and such loan also has got
Widen Holding Company Limited as a whole guarantor with the Company.The
Company hereby informs further concerning the loans burden of BCI with the
Company as at 31 March 2008 as detailed below.
Unit : Million Baht
Loans - Bangkok Concrete Industries Co., Ltd.
Principal Interest
Outstanding Balance as of 31 December 2007 111.4 10.9
Interest during the period January to March 2008 - 2.0
Repayment during the period January to March 2008 - -
Balance as of 31 March 2008 111.4 12.9
Unit : Million Baht
Account receivable - Bangkok Concrete Industries Co., Ltd.
Balance as of 31 December 2007 66.3
Repayment during the period January to March 2008 -
Balance as of 31 March 2008 66.3
Hence, please kindly be informed accordingly.
Yours faithfully,
= Signature =
(Mr. Plew Trivisvavet)
Director