13 กันยายน 2539
INFORMS LAND RENTING OF ITS SUBSIDIARY
Referring to Central Pattana Plc (CPN) report on the incorporation of
Central Pattana Cholburi Co.,Ltd., CPN informed the leasing land in
Central Pattana Cholburi Co.,Ltd. as follows:
1.Details of acquired assets : Central Pattana Cholburi Co.,Ltd. will
sign a 30-year contract to rent land located on the BY PASS of Cholburi
consisting of 33 rai, 2 ngarn, 92 square wah. It will be used as a
location of a new department store.
2. Related partners: The contract will be made between CPN and
Central Pattana Cholburi Co.,Ltd., CPN's wholly owned subsidiary.
3. Total value of payment : Bt161.7 million. The total payment will
be made one time within September, 1996.
4. Criteria used to set payment : The value was determined from the
assessed price of nearby land.
5. Investment objective : To rent land for a new department store
6. Expected benefit : To develop and expand its department store
business
7. Calculation of acquired assets : The company confirmed that this
transaction was not considered an acquisition of listed company's assets.