ข่าวแจ้งตลาดหลักทรัพย์
28 สิงหาคม 2551
Loan Repayment (Additional RY"s Progress of the Project )
= Translation =
Ref: CK-08-000-AFD-L-0180
27 August 2008
Subject: Declaration of Progress of Loans and Interest Repayment
(Additional RY's Progress)
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 20008
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 31December 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 46.3 11.3 0.1
Interest during the period
April to June 2008 - 5.0 - 0.3
Repayment during the period
April to June 2008 - (1.1) - -
Balance as of 30 June 2008 209.7 50.1 11.3 0.4
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.
Unit : Million Baht
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
Interest during the period
April to June 2008 - 24.3 - 3.1
Repayment during the period
April to June 2008 - - - -
Balance as of 30 June 2008 1,120.9 212.5 142.7 8.1
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 and there also have not had any further progress
until now.
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
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
Interest during the period April to June 2008 - 2.0
Repayment during the period April to June 2008 - -
Balance as of 30 June 2008 111.4 14.9
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
Repayment during the period
April to June 2008 -
Balance as of 30 June 2008 66.3
Hence, please kindly be informed accordingly.
Yours faithfully,
= Signature =
(Mr. Prasert Marittanaporn)
Director and Executive Vice President
: Finance and Accounting
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