ข่าวแจ้งตลาดหลักทรัพย์
30 ธันวาคม 2552
Notification of Disposition of Ordinary Shares in TTW
(Translation)
No. CK-09-0000-PO-L-0095
December 30, 2009
Re: Notification of Disposition of Ordinary Shares in Thai Tap Water
Supply Public Company Limited
Attn.: The President of the Stock Exchange of Thailand
Reference is made to the fact that the Board of Director's Meeting
No. 6/2009, of CH. Karnchang Public Company Limited, held on December 21,
2009, resolved to grant approval for the Company to sell certain portion of
ordinary shares in Thai Tap Water Supply Public Company Limited, namely,
180,000,000 shares, to any persons or legal entities which have no
relationship and/or connection with the Company, as per the details in the
resolution of the Board of Director's Meeting in which you have been obviously
informed.
Presently, the Company hereby informs that the Company has sold out
of the ordinary shares in Thai Tap Water Public Company Limited to Histeel
Products Company Limited for amount of 150,000,000 shares or representing 35
percent of the registered capital, at the price of Baht 4.30 per share,
totaling Baht 645,000,000. In this regard, the buyer and the seller have
agreed to pay for share as well as transferring the right of ownership on
December 29, 2009. Once such transaction has been completed, the Company will
hold 1,278,777,400 shares in Thai Tap Water Supply Public Company Limited, or
representing 31.55 percent of the registered capital (the Company formerly
held 1,408,777,400 shares in Thai Tap Water Supply Public Company Limited,
representing 35.31 percent of the registered capital). However, the 30,000,000
remaining shares have been during the process of negotiation with the other
buyers and should the Company would have been acknowledged for the details,
the Company will inform this information through the system of SET thenceforth.
Hence, kindly please be informed accordingly.
Very truly yours,
- Signature -
(Mr. Plew Trivisvavet)
Chief Executive Officer