Central Pattana Plc (CPN)'s wholly owned subsidiary, Central Pattana Chiangmai Co.,Ltd. reports that its board of directors has resolved to increase its registered capital from Bt100 million to Bt300 million. CPN has purchased the increased shares to maintain its 99.99% ownership. The details of the investment are as follows: 1. Capital increase objective : To develop a department store for Central Pattana Chiangmai Co.,Ltd. 2. Type of business : Department store 3. Registered capital : From Bt100 million to Bt300 million. The Bt200 million was made by issuing 2 million preferred shares with a par value of Bt100. 4. Payment : 100% of the registered capital or equivalent to Bt200 million. 5. Payment : To maintain a 99.99% share in the subsidiary, CPN has to pay Bt199,998,600 for the newly issued preferred shares. 6. Calculation of acquired assets: After publishing CPN's current financial statements on August 15, 1996, CPN has done many transactions. This transaction which will take into account the calculation with those transactions and will be over 15%, but lower than 50%. This transaction is a type no.2 transaction. This transaction is considered an acquisition or a disposition of the listed company's assets.