06 October 2006
Investment & Lease/Sublease of Assets to CPNRF (Additional)
October 5, 2006
Subject: Additional Notification of the Investment in and the
Lease/Sublease of Assets to CPN Retail Growth Property
Fund
To: President
The Stock Exchange of Thailand
As Central Pattana Public Company Limited ("CPN") has invested
in 33% of the total issued investment units of the CPN Retail
Growth Property Fund ("CPNRF") which managed by TMB Asset
Management Co., Ltd. and CPN leased/subleased parts of Central
Plaza Rama II and Central Plaza Ratchada Rama III to CPNRF on
August 15 and 16, 2005.
At present, the Board of Directors of CPN is considering to
lease/sublease certain part of Retail Shopping Complex and 2
Office Buildings at Central Plaza Pinklao to CPNRF which is part
of CPN's financing plan to support our development of future
projects.CPN will terminate the sale buildings with right of
redemption to reflect the early redemption of such assets from
Thai Business Fund 2 in order that the assets can be invested by
CPNRF. Moreover, CPN will receive property management fee as the
property manager and dividend as unitholder of the CPNRF.
CPN will notify information on value of investment units of
CPNRF that CPN will invest, values of assets to be leased /
subleased and other conditions as soon as we get approval from
the Board of Directors of CPN, the unitholders of CPNRF and also
the Securities and Exchange Commission of Thailand approve the
capital increase and investment of CPNRF.
Please be informed accordingly.
Yours Faithfully,
(Mr. Naris Cheyklin)
Secretary to the Board of Directors