07 August 1996
APPOINTED AS SELLING AGENT FOR ROBINSON PROJECTS
It was previously reported that CR Rachaburi (Thailand) Co.,Ltd.,and
CR Jantaburi (Thailand) Co.,Ltd., had appointed Central Pattana Plc (CPN)
as a selling agent for their projects named "Robinson Mathawalai
Rachaburi and Robinson Plaza Jantaburi. CPN now reports that its
relationship as a selling agent of the said projects falls under the
connected transaction rules and is subject to a disclosure to the Stock
Exchange of Thailand (SET). CPN thus announced the said connected
transaction as follows:
1. Date of transaction: August 15, 1996
2. General characteristics of transaction:
CPN will act as the selling agent of the projects, Robinson
Mathawalai Rachaburi and Robinson Plaza Jantaburi and will be paid for
selling land of the said projects worth about Bt7 million as well as
a marketing fee of Bt300,000.
3. Total value of remuneration:
CPN expected to be paid a services fee worth about Bt7.30
million.
4. Criteria for remuneration setting:
The remuneration was set by comparing the general fee that CPN
gained to others in the same business.
5. Objectives:
CPN needed to efficiently develop and expand its selling
services.
6. Expected benefits:
CPN will have more revenues from the services provided.
7. Names of related and connected persons:
This transaction is a connected transaction due to the
shareholding of the Jirathiwat Family in CR Rachaburi (Thailand) Co.,Ltd.,
and CR Jantaburi (Thailand) Co.,Ltd. and due to a shareholding ratio of
50% and 65% of Robinson Department Store Plc (ROBINS)'s subsidiary, CR
(Thailand) Co.,Ltd., in both companies respectively.
More details concerning shareholders in CPN as well as both companies
are as follows:
- Persons in the Jirathiwat Family who are major
shareholders and directors of Central Pattana Plc are as follows:
NAMES % OF SHARE POSITION
HOLDING
1.Wanchai Jirathiwat 4.01 Chairman
2.Suthithum Jirathiwat 7.00 Managing Director
3.Kobchai Jirathiwat 5.00 Director
4.Prinn Jirathiwat 4.00 Director
5.Sujitra Jirathiwat 4.00 Director
6.Sutipan Jirathiwat 4.00 Director
7.Sutidech Jirathiwat 1.60 Director
- Persons in Jirathiwat Family who held shares in CR
Rachburi (Thailand) Co.,Ltd., and CR Jantaburi (Thailand) Co.,Ltd., are
listed below:
NAMES NUMBER OF SHARES POSTION
HELD
1.Thos Jirathiwat 1 -
2.Prinn Jirathiwat 1 -
3.Sutichat Jirathiwat 1 -