10 มีนาคม 2538

reports change of subsidiary's sales policy

Lang Suan Realty Co Ltd, a subsidiary of Central Pattana Plc (CPN), has changed the sales policy for its shops from leasing to the sale of leasing rights. Previously CPN, in its prospectus for the sale of shares from its capital increase, said of its 99.99%-owned subsidiary that its sales policy is the sale of leasing rights for its residential buildings and leasing for its shops. Lang Suan Realty has now changed its sales policy for the leasing of its shops from leasing to the sale of leasing rights, similar to its policy for residential buildings. The company expects that sales can be completed by June 1995 and that the change will enable the company to realize higher earnings for 1995 than previously estimated. Translated by the Nati