INFORMED THE ACQUISITION OF SHIN DIGITAL COMPANY LIMITED
12 September 2001
Translation
AIS 0504/2001
September 11, 2001
Re: Informed the Acquisition of Shin Digital Company Limited
To: The President
The Stock Exchange of Thailand
According to the resolutions of Extraordinary General Meeting of Shareholders
of Advanced Info Service Public Company Limited ("the Company") No. 2/2001,
held on August 20, 2001, at 1.30 p.m., at the Auditorium Room, 19th floor,
Shinawatra Tower 1, 414 Phaholyothin Road, Samsen Nai, Phayathai, Bangkok
10400, approved the Company to purchase the shares in Shin Digital Company
Limited ("SDT") (after SDT had purchased the shares of DPC from TMI Mauritius
enabling SDT to hold 97.54% of shares in DPC) of 69,993 shares or 69.99%
from Shin Corporation Public Company Limited ("SHIN") and 30,000 shares or
30% from SingTel Strategic Investments Pte Ltd. ("SingTel"), totaling 99,993
shares or 99.99%, at Baht 5,400 per share or within total consideration of
Baht 540 million. As a condition of this transaction, the Company must
provide SDT with financial support for repayment of loan owed to SHIN and
SingTel within the amount limit of Baht 17,361 million or its equivalent in
any other currencies.
The Company would like to inform that the Company has already completed the
purchase of SDT shares from SHIN and SingTel since September 10, 2001.
Please be informed accordingly.
Yours faithfully,
-Signed-
(Mr. Somprasong Boonyachai)
Director
Advanced Info Service Public Company Limited.
Compliance Unit
Tel : 02-2995221, 02-2995206