05 July 1995
clarifies news
Central Pattana Plc (CPN), in a clarification to the Stock Exchange
of Thailand on the news appreared in Bisnews and Thai Turakij Finance
daily, said that there are many points in the news that are inaccurate.
CPN said that the accurate news in Bisnews should be:
1. Mr. Kobchai Chirathiwat is the company's senior vice president.
2. The company will begin its roadshow in Hongkong, London in
England, and end the roadshow in New York, the United States.
3. The company did not say that the objective of the roadshow is to
attract foreign investors to jointly invest with the company nor did it
state that the foreign holding ratio was decreased.
4. The company only said that "its net profits projection in 1995 is
Bt454 million, and the financial performance at the end of the second
quarter is as targeted."
Regarding the news in Thai Turajit Finance, CPN said that the
correct news should be:
1. The company has not sheduled a roadshow in San Francisco in the
United States.
2. The company did not aim to arrange the roadshow to stimulate its
share prices but it only wanted foreign investors to know the company
more.
3. Mr. Suthitham only said that its second quarter performance is as
projected. He did not state the figures of the performance.
Translated by the Nation