11 December 1997
AYS FOR ITS SUBSIDIARY
Central Pattana Plc disclosed connected transaction with its 61.75%
owned subsidiary Central Pattana Khonkaen Co, Ltd as earlier CPN was to
aide with advice for construction works, management, personel recruiment
and material supply:
Characteristics of transaction : CPN provides financial assistance to
CPK for construction of trading centre.
Total remunerations : CPN would pay for CPK at the amount of Bt282.8 m.
In terms of guarantee for loans, however, CPK mortgages a plot of land as
collateral.
Shareholders in CPK :
-CPN 61.75%
-Fairy Plaza Co, Ltd 33.25%
-Vinyu Khuvanan 5.00%
No connected shareholder owns stakes in CPK.
This is financial aids provided to subsidiary in which listed company
is holding stake posting not higher than 90% of outstanding shares, which
there is no connected person supplementing Regulation Clause 9(2);
disclosure of listed company.
Comment : Please verify in PUBLIC SIMS.
Translated by the Nation