24 December 1996
REPORTS ON SALE OF SHARES IN CENTRAL PATTANA CHONBURI CO
Central Pattana Plc. (CPN) reported, referring to its contract with
Rodamco Thailand B.V. (Rodamco) to jointly invest in Central Pattana
Chonburi Co., Ltd. (CPC), saying that it has made a contract to amend the
joint investment proportion and it has sold its shares in CPC, amounting
to 15% of the registered capital, to Rodamco. The details are as below:
1. Date of Transaction: December 23, 1996
2. Transaction Objective: To enhance efficiency of the shopping mall
business operation of Central Plaza Chonburi Project
3. Registered Capital of Central Pattana Chonburi Co., Ltd: Bt350
million, of which Bt245.3 million has been paid up
4. Joint Investment Proportion: CPN holds 2,625,000 shares,
accounting for 75%, and Rodamco possesses 875,000 shares, representing 25%
of CPC's registered capital.
CPN and Rodamco have agreed to change the investment proportion
in CPC. For this, CPN has sold 525,000 shares in CPC, accounting for 15%
of the registered capital, to Rodamco. The shares sold can be divided as
follows:
1) An amount of 1,500 shares have been fully paid up
2) Bt70 per share has been paid up for the other amount of
523,500 shares.
Translated by The Nation