Central Pattana Plc. (CPN) reported the details of a capital increase of its subsidiary, Central Pattana Korat Co., Ltd., in which CPN holds a 99.93% stake. CPN released earlier about its investment in the company, as shown in SET DAILY dated April 4, 1996. Now, the subsidiary is raising its registered capital from Bt1 million to Bt200 million. CPN intends to maintain its 99.93% holding in the said subsidiary, so it reported details of the capital increase as follows: Objective : For development of Central Pattana Korat Project Nature of Business : Shopping mall Registered Capital : To be increased from Bt1 million to Bt200 million, divided into 2 million shares with a 100 par per unit Paid-up Capital : 25% of registered capital equalling Bt50 million CPN's Paid-up Amount: For the 99.93% holding in the said company , CPN has to pay Bt48,965,700. Acquisition Criteria : The transaction does not fall under the criterias for acquistion of listed company's assets. Translated by The Nation