24 สิงหาคม 2548
Purchase of shares in CP3 and CR3 from Rodamco (additional)
August 18, 2005
Subject : The purchase of shares in Central Pattana Rama 3
Co., Ltd. and Central Realty Service Rama 3 Co., Ltd. from
Rodamco Thailand B.V. (Additional)
To : President
The Stock Exchange of Thailand
As reported to SET on August 18,2005,the acquisition of shares
of Central Pattana Rama 3 Company Limited and Central Realty
Service Rama 3 Company Limited from Rodamco Thailand B.V.
("Rodamco") amounted to Baht 1,521,442,000, the Company would
like to clarify the calculation of the purchase price as
follow;
The purchase price was calculated from market value of common
shares which comprises of two parts as follow;
1. Value of land, building, equipment
and other fixed assets - calculate from
lease fee received from CPN Retail Growth
Property Fund plus the value of the remaining
property - calculate from the appraised
value by the independent appraiser minus the
relevant estimated income tax. 4,401,591,000 Baht
2. Value of other assets minus all loan and
liabilities as appeared in the balance sheet
as at July 15,2005. (597,986,000)
Total value of acquired shares 3,803,605,000 Baht
Portion of interest of Rodamco 39.47 %
Market value of Rodamco's shares 1,521,442,000 Baht
The total market value from the above calculation of common
shares are Baht 3,803,605,000, which is 39.47% or Baht
1,521,442,000 belong to Rodemco according to its shareholding
structure.
Please be informed accordingly.
Yours Faithfully,
(Mr. Naris Cheyklin)
Secretary to the Board of Directors